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Shr 46 cts vs 49 cts Net 1101551 vs 831398 NOTE: Share adjusted for two-for-one stock split in May 1986. Reuter
COMMUNITY BANK SYSTEM INC <CBSI> 1ST QTR NET
Sole underwriter Goldman Sachs and Co said it is publicly offering 40.05 mln dlrs of principal exchange rate linked securities or PERLS due 1991 that it purchased from Westinghouse Electric Corp &lt;WX>. The securities have a 13-1/4 pct coupon and par pricing. Interest will be paid in U.S. dlrs. At maturity investors w...
GOLDMAN SACHS SELLS 'PERLS' AT 13-1/4 PCT RATE
Qtly div 38 cts vs 35 cts prior Pay May 15 Record May One Reuter
FITCHBURG GAS <FGE> RAISES QUARTERLY
Fitchburg Gas and Electric Light Co said its Board of Directors authorized a filing with the Massachusetts Department of Public Utilities seeking authority to issue up to 27 mln dlrs of long-term notes. Proceeds will be used to redeem after June one all outstanding shares of the companys cumulative preferred stock four...
FITCHBURG GAS <FGE> PLANS TO ISSUE NOTES
A senior Japanese trade official met U.S. negotiators in an emergency effort to try to head off new high American tariffs on Japanese semiconductor goods set to go into effect on April 17. The vice minister of Ministry of International Trade and Industry Makoto Kuroda flew in from Tokyo for the talks with Deputy U.S. T...
U.S., JAPANESE TRADE OFFICIALS OPEN TALKS
Northern Trust Corp said its first quarter earnings were reduced by 875000 dlrs by placing 53.2 mln dlrs of loans to Brazil and six mln dlrs in loans to Ecuador on a cash basis. Should these loans remain on nonperforming basis for the rest of 1987 net income for year will be cut by about 3.2 mln dlrs the bank said. Ear...
NORTHERN TRUST <NTRS> NET HURT BY BRAZIL LOANS
A further cut in West German taxes to overcome the current weakness of the domestic economy has been called for by Thomas Wegscheider management board chairman of Bank fuer Gemeinwirtschaft AG. He said in an interview due in tomorrows Die Welt newspaper that tax cuts already decided by the government should be expanded...
GERMAN BANKER CALLS FOR MORE TAX CUTS
General Electric Co said it has received a 60 mln dlr order to provide CF6-80C2 engines for three &lt;Airbus Industrie> A310-300 aircraft bought by TAP Air Portugal. It said aircraft deliveries are scheduled to start in late 1988. Reuter
GE <GE> GETS PORTUGUESE ENGINE ORDER
Swiss franc notes issued after May 1 must be provided with a prospectus virtually erasing the difference in information requirements between notes and public bonds according to a convention drafted by the Bankers Federation. The convention requires that lead managers draw up a prospectus naming all syndicate members an...
SWISS AGREE ON NEW PROSPECTUS RULES FOR NOTES
Brazils political crisis appears to be deepening as powerful state governors are calling for the removal of Finance Minister Dilson Funaro chief architect of economic policy. Commentators said their call front-page headlines in todays press laid bare President Jose Sarneys political weakness and highlighted Brazils eco...
BRAZIL GOVERNORS CALL FOR REMOVAL OF FUNARO
Doe Run Company said it is increasing the price of its corroding grade lead by one-half cent to 26.50 cents a lb effective immediately. The price is quoted FOB Herculaneum Mo. and FOB Boss Mo. with freight allowed for carload quantities. Reuter
DOE RUN RAISES LEAD PRICE 0.50 CT TO 26.50 CTS
Spains foreign reserves rose by 905 mln dlrs in February to total 17.05 billion dlrs compared with 14.11 billion dlrs in February 1986 Bank of Spain figures show. Under a new accounting system introduced this month Spains foreign reserves now exclude foreign currency held by financial institutions. Under the previous s...
SPAIN'S FOREIGN RESERVES RISE IN FEBRUARY
Shr not given Net loss 9900000 vs loss 17300000 Revs 14.7 mln vs 29.8 mln Note: Previous loss restated. Reuter
<SULPETRO LTD> 1ST QTR JAN 31 LOSS
Standard and Poors Corp said it may downgrade the A-2 commercial paper of General Instrument Corp. S and P cited the firms 80 mln dlr loss for fiscal 1987 and a 90 mln dlr loss on discontinued micro-electronic and opto-electronic businesses and venture investments. These losses coupled with restructuring and re-evaluat...
S/P MAY DOWNGRADE GENERAL INSTRUMENT <GRL>
General Physics Corp said it has formed a new business unit called HP Technical Services to furnish health physics technicians and radiological engineers and scientists to the electric utility industry for use in nuclear power plants. Reuter
GENERAL PHYSICS <GPHY> FORMS NEW UNIT
Shr 74 cts vs 92 cts Net 1300450 vs 1600258 NOTE: Share adjusted for 10 pct stock dividend in July 1986. Company based in Mayaguez Puerto Rico. Reuter
WESTERN FEDERAL SAVINGS BANK <WFPR> 1ST QTR NET
Federated Group Inc said its sales for the five weeks ended April five totaled 33.9 mln dlrs compared with 33.8 mln during the same period last year. Comparable store sales fell eight pct to 29.4 mln dlrs from 32.1 mln a year earlier the company said. Federated said it now has 65 stores in operation compared with 59 du...
FEDERATED GROUP <FEGP> POSTS HIGHER MARCH SALES
USAir Group Inc said it is reducing coach fares up to 62 pct between Atlanta and 21 destinations for travel April 12 through June 15. The fares are non-refundable and applicable to roundtrip flights. Reservations must be made at least two days in advance and tickets purchased within 24 hours after reservations are made...
USAIR <U> CUTS ATLANTA COACH FARES
Nutmeg Industries Inc said it has agreed in principle on a license deal with United Media/United Feature Syndicate Inc under which it would have the right to sell a line of mens spectator sportswear bearing the likenesses of characters from Charles M. Schulz Peanuts comic strip. The company said the license runs throug...
NUTMEG INDUSTRIES <NUTM> IN LICENSING DEAL
Shipboard Satellite Network Inc &lt;SSN> said it will offer television service delivered by satellite to ships at sea beginning June 1. The company whose initial public offering began yesterday said its programming will include a mix of general and financial news sports and talk shows. In addition the company said it p...
FIRM TO OFFER TELEVISION PROGRAMMING FOR SHIPS
Shr loss six cts vs loss 88 cts Net loss 123840 vs loss 1298377 Revs 1333416 vs 385146 Year Shr profit six cts vs loss 1.47 dlrs Net profit 124872 vs loss 2171011 Revs 4618232 vs 2959141 Reuter
FINAL TEST INC <FNLT> 4TH QTR LOSS
Protective Life Corp said it has signed a letter of intent to assume &lt;Liberty Life Insurance Cos> group insurance on July 1 subject to regulatory approvals. Terms were not disclosed. Reuter
PROTECTIVE LIFE <PROT> IN ACQUISITION
Digital Communications Associates Inc said Bank South Corp &lt;BKSO> purchased several of its recently introduced System 9000 intelligent T-1 switching systems. DCA said the switching systems will be used to transmit voice and data between the banks downtown banking location here and its new operations center near Atla...
DIGITAL COMMUNICATIONS <DCAI> SELLS SWITCHES
Qtly divs Class A and B 20 cts vs 20 cts Pay May 15 Record April 30 Reuter
A.O. SMITH CORP <SMC> SETS QUARTERLIES
Sony Corp &lt;SNE.T> chairman Akio Morita played down the U.S.-Japanese trade conflict saying that direct investment abroad was the most effective way to reduce Japans trade surplus. Morita was speaking at the official opening of a 100 million franc (16.4 million dollars) compact disc player factory in eastern France. ...
SONY CHAIRMAN PLAYS DOWN TRADE CONFLICT
Shr 1.02 dlrs vs 78 cts Net 14.4 mln vs 11.0 mln NOTE: 1987 net includes gain 2222000 dlrs from termination of pension plan. Results restated for pooled acquisitions and share adjusted for stock dividends. Reuter
CENTRAL BANCORP INC <CBAN> 1ST QTR NET
&lt;New Jersey Steel Corp> said it filed a registration statement with the Securities and Exchange Commission for the initial public offering of 1.8 mln shares of common stock at an estimated price of 20 dlrs to 22 dlrs a share. The company said it would sell one mln shares and that &lt;Von Roll Ltd> would sell the rem...
NEW JERSEY STEEL FILES FOR INITIAL STOCK SALE
Mars Stores Inc said sales for the five weeks ended April 4 were off 22.3 pct to 8242525 dlrs from 10.6 mln dlrs a year earlier. The company said sales for the first nine weeks of its fiscal year were off 14.5 pct to 14.1 mln dlrs from 16.5 mln dlrs a year before. Results exclude the discontiued Big Value Outlet divisi...
MARS STORES <MXXX> MARCH SALES FALL
Emcore said it completed the sale of 4.1 mln dlrs of stock to Citicorp Venture Capital Ltd Concord Ventures of Dillon Read and Co and private investors. Reuter
<EMCOR> COMPLETES SALE OF STOCK TO INVESTORS
The Federal Home Loan Bank Board has retained Salomon Bros to seek ways to inject new capital into Financial Corp of America a Financial Corp spokeswoman said. Financial Corp which recently has held preliminary talks with unidentified parties concerning a possible acquisition of the company is also negotiating with a f...
FHLBB HIRES ADVISOR FOR FINANCIAL CORP <FIN>
The Securities and Exchange Commission said it will hold a public hearing against Martin Saposnick who was a co-underwriter of a 1983 public offering of North Atlantic Airlines Inc. The SEC claims that Saposnick chairman of Marsan Securities Co Inc knew the offering prspectus failed to adequately disclose the companys ...
SEC TO HOLD HEARING AGAINST BROKER
Michigan General Corp said it has extended its exchange offer for its 10-3/4 pct senior subordinated debentures due December 1 1988 until April 23. It said the offer is being extended to allow it to conclude talks with its lender and with representatives of the holders of 75 pct of the debentures on the terms of the of...
MICHIGAN GENERAL <MGL> EXTENDS EXCHANGE OFFER
Endotronics Inc said Richard Sakowicz has been named president chief executive officer and a director effective April 13. Sakowicz recently vice president at Control Data Corp &lt;CDA> succeeds John Wright who will be resigning it said. In other action the company said that Burton Merical has been retained as a consult...
ENDOTRONICS <ENDO> NAMES NEW PRESIDENT
Shr seven cts vs six cts Net 1612000 vs 1406000 Revs 38.2 mln vs 34.3 mln Avg shrs 23742000 vs 22945000 Reuter
VLSI TECHNOLOGY INC <VLSI> 1ST QTR NET
U.S. Healthcare Inc said it has been granted a certificate of authority to operate a health maintenance organization in Delaware by the Delaware Department of Health and Social Services. Reuter
U.S. HEALTHCARE <USHC> TO RUN HMO IN DELAWARE
Ugandan Finance Minister Chrispus Kiyonga has asked the National Resistance Council the countrys interim parliament to approve 1000 billion shillings (714 mln dlrs) in extra government spending over the last three months of this financial year council sources said. Kiyonga told the council that because of high inflatio...
UGANDAN ASKS FOR MORE MONEY TO KEEP up SERVICES
Belgiums current account surplus measured on a cash basis widened sharply to 134.9 billion francs last year from 17.5 billion in 1985 the Finance Ministry said. The increase was due almost entirely to a sharp rise in the goods trade surplus to 126.1 billion francs from 20.4 billion. The services trade surpluses increas...
BELGIAN CURRENT ACCOUNT SURPLUS WIDENS IN 1986
Guinness Plc &lt;GUIN.L> director Thomas Ward told a High Court hearing that the companys action against him and ex-chairman Ernest Saunders sought to give the impression of an international hunt for Wards 5.2 mln stg fee in connection with the Distillers Co Plc &lt;DIST.L> takeover the Press Association news agency re...
WARD CRITICISES GUINNESS'S FEE COMPLAINT
Members of prime minister Yasuhiro Nakasones ruling Liberal Democratic Party (LDP) have shunned his support in their campaigns for upcoming local elections. His presence will do more harm than good an LDP candidate in Tokyo told Reuters. The candidate is one of several conservatives who have rebelled and joined the pub...
MEMBERS OF JAPAN'S RULING PARTY SHUN NAKASONE
Denpac Corp said it placed an order for the assembly of the first 100 production units of its Sinterloy processor which will begin delivery later this year. The company said two pre-production units have been placed for clinical and laboratory evaluations with an additional six pre-production units to be placed shortly...
DENPAC <DNPC> PLACES PROCESSOR ASSEMBLY ORDER
Shr profit five cts vs profit two cts Net profit 325000 vs profit 105000 Revs 19.5 mln vs 16.1 mln Six Mths Shr profit nine cts vs loss 35 cts Net profit 627000 vs loss 2280000 Revs 36.9 mln vs 27.4 mln Reuter
SILICON SYSTEMS INC <SLCN> 2ND QTR MARCH 28
Zimbabwes beef exports to the European Community (EC) potentially worth 70 mln Zimbabwean dlrs this year may be jeopardised by an outbreak of foot and mouth disease in southwestern Matabeleland industry sources said. The country has temporarily suspended beef exports to the EC because of the outbreak and awaits a decis...
DISEASE PUTS ZIMBABWE BEEF EXPORTS IN JEOPARDY
Italian Prime Minister Bettino Craxi whose five-party coalition government fell apart yesterday told the Senate he was resigning. Craxi said at the end of a Senate (upper house) debate on the government that he would go tonight to hand his resignation to President Francesco Cossiga. Craxis government collapsed when the...
CRAXI SAYS HE IS RESIGNING
Shr 1.32 dlrs vs 1.26 dlrs Net 21.2 mln vs 17.4 mln Avg shrs 16.1 mln vs 13.8 mln Assets 10.0 billion vs 8.4 billion Deposits 7.2 billion vs 6.1 billion Loans 6.7 billion up 26 pct NOTE: Results restated for pooled acquisitions of Shawmut Home Bank and Fidelity Trust Co and include First Gibraltar Mortgage Corp from De...
SHAWMUT CORP <SHAS> 1ST QTR NET
Minntech Corp said it expects to report loss for its fiscal 1988 first quarter to end June 30 due to start-up costs related to a new membrane oxygenator and water filtration products. However revenues and earnings should consistently increase throughout the remainder of the year President Louis Cosentino told analysts....
MINNTECH <MNTX> SEES FIRST QUARTER LOSS
The United States said a new attack by Iran in the Gulf war against Iraq does not appear to be a major offensive. We dont believe that what has been called Karbala-8 is a major offensive State Department spokesman Charles Redman said. He was responding to Irans announcement that it had launched its second offensive in ...
NEW GULF FIGHTING NOT A MAJOR OFFENSIVE - U.S.
&lt;Gordex Mineral Ltd> said geologists located more than one mln tons of gold-bearing deposits 0.057 ounces per ton at Cape Spencer. The company said it plans to invest 2.5 mln Canadian dlrs to expand on-site treatment facilities to process 100000 tons of gold-bearing deposits this year and 200000 tons in 1988. Prior ...
GORDEX MINERALS LOCATES GOLD DEPOSITS
Rep. John Porter R-Ill. introduced in the House of Representatives legislation proposed by the Reagan administration to slash the U.S. sugar price support a spokesman for Porter said. The spokesman said the bill was introduced without any changes from the administrations proposal sent to Congress last month. That plan ...
U.S. CONGRESSMAN INTRODUCES REAGAN SUGAR BILL
CANADA 91-DAY T-BILLS AVERAGE 6.95 PCT, MAKING BANK RATE 7.20 PCT
The U.S. drilling rig count rose by four last week to a total of 752 against 987 working rigs one year ago Hughes Tool Co said. In Canada the rig count continued falling last week because of the governments annual springtime ban prohibiting heavy equipment from being transported over rain-softened highways. A total of ...
HUGHES' <HT> U.S. RIG COUNT RISES TO 752
Shr 89 cts vs not available Net 1163000 vs 466000 Nine Mths Net 3696000 vs 1624000 NOTE: Company converted to stock ownership effective August 1986. Periods end March 31 1987 and 1986 respectively. Reuter
REPUBLIC SAVINGS AND LOAN <RSLA> 3RD QTR NET
Southmark Corp said shareholders will be issued as a special dividend rights to acquire 22 shares of American Realty Trust &lt;ARB> for each 100 shares of Southmark owned. The record date for Southmark shareholders to receive these rights will be May one with an ex-dividend date of April 27. Southmark received these ri...
SOUTHMARK <SM> TO ISSUE AMERICAN REALTY RIGHTS
Market response to the Italian Treasurys 3000 billion lire offer of short-term bills (BOTs) was mixed with six month paper oversubscribed but 12-month bills little in demand Bank of Italy figures show. Rates were unchanged on those indicated at the time the offer was announced on April 4. The market was assigned all th...
ITALIAN TREASURY BILL OFFER MEETS MIXED DEMAND
Takeover speculation continues to fuel heavy trading in UAL Inc traders said. UAL rose 1-5/8 to 73-5/8 on volume of more than two mln shares after trading with little upward movement earlier in the session. Traders said rumors which began yesterday added to speculation that the company would be the target of a takeover...
WALL STREET STOCKS/UAL INC <UAL>
Gordex Mineral Ltd said geologists located more than one mln short tons of gold-bearing deposits 0.057 ounces per ton at Cape Spencer. The company said it plans to invest 2.5 mln Canadian dlrs to expand on-site treatment facilities to process 100000 tons of gold-bearing deposits this year and 200000 tons in 1988. Prior...
GORDEX MINERALS LOCATES CANADA GOLD DEPOSITS
NIGERIAN OIL MINISTER RILWANU LUKMAN SAID TODAY GOVERNMENT SUBSIDY ON DOMESTIC OIL PRODUCTS HAD RISEN FROM 20 TO 85 PCT AFTER THE FLOTATION OF THE NAIRA CURRENCY LAST SEPTEMBER. THE NAIRA HAS DEPRECIATED BY OVER 60 PCT AGAINST THE DOLLAR SINCE IT WAS FLOATED AND THE GOVERNMENT SAYS PETROLEUM PRODUCTS HAD BECOME TOO CHE...
NIGERIA PUTS DOMESTIC OIL SUBSIDY AT 85 PCT
U.K. Property company Greycoat Group Plc is seeking two financings one for 120 mln stg and the other for 16 mln stg in connection with its Embankment Place development above and around Charing Cross station in London banking sources said. The first transaction a 120 mln stg credit will be arranged by N.M. Rothschild an...
GREYCOAT GROUP SEEKS TWO FINANCINGS
&lt;Sulpetro Ltd> said it had not yet obtained Canadian government approval of a previously reported agreement to restructure its 505 mln dlr debt and remaines dependent in the interim on support from its principal banker. Sulpetro said it was operating as if the restructuring were implemented and was required to pay i...
SULPETRO AWAITS GOVERNMENT APPROVAL ON DEBT
Delta Air Lines said it filed with the U.S. Department of Transportation its application for one-stop service from Portland Ore to Seoul Korea via Tokyo. If all government approvals are given promptly Delta said service could begin by July One 1987. Delta said it started service from Portland to Tokyo on March two and ...
DELTA AIR <DAL> FILES FOR ONE-STOP TO SEOUL
Canadas key bank rate rose to 7.20 pct from 7.15 pct the week before Bank of Canada said. Bank rate is set 1/4 percentage point above the average yield on the weekly issue of 91-day treasury bills. This weeks yield was 6.95 pct compared with the previous weeks 6.90 pct. Tenders were accepted for 2.55 billion dlrs of 91...
CANADIAN BANK RATE RISES IN WEEK
The quarterly session of the International Tin Council (ITC) continued without formal agreement on an extension of the sixth International Tin Agreement (ITA) but delegates said it was apparent there was a general consensus the Agreement should be prolonged. Some delegations are still awaiting formal instructions from ...
CONSENSUS SEEN ON TIN PACT EXTENSION
Brazilian Finance Minister Dilson Funaro shrugged off demands by a group of Brazilian governors that he resign. At this moment I am discussing something much more serious for Brazil and its absolutely indispensible in a negotiation like this one that I dedicate myself entirely to the discussions Funaro told reporters. ...
FUNARO SHRUGS OFF CALLS FOR RESIGNATION
Shr four cts vs 10 cts Net 31000 vs 82000 Sales 10.9 mln vs 9760000 Reuter
SLATER ELECTRIC INC <SLAT> 1ST QTR FEB 28 NET
&lt;Skyswitch Satellite Communications Co> said it GTE Corps GTE Spacenet has signed an original equipment manufacturing agreement with Skyswitch that will enable the two companies to set the standard for satellite news gathering voice communications systems. The equipment will be provided under GTEs specifications and...
GTE <GTE> UNIT SIGNS DEAL WITH SKYSWITCH
Oper shr 1.64 dlrs vs 1.50 dlrs Oper net 6200000 vs 5600000 Revs not given 12 mths Oper shr 2.76 dlrs vs 2.58 dlrs Oper net 10.4 mln vs 9600000 NOTE: Net income including discontinued operation and in both 1986 periods 1500000 dlr gain from change in accounting for which results restated 6200000 dlrs vs 7200000 dlrs in...
SOUTH JERSEY INDUSTRIES INC <SJI> 1ST QTR NET
Shr 56 cts vs 35 cts Net 10271000 vs 6425000 Loans 1.44 billion vs 1.20 billion Deposits 2.36 billion vs 1.96 billion Assets 2.96 billion vs 2.55 billion Reuter
CITY NATIONAL CORP <CTYN> 1ST QTR NET
Shr 50 cts vs 26 cts Net 1316000 vs 656000 NOTE: qtr 1987 includes tax gain 500000 dlrs or 19 cts per share. Reuter
ALLIED BANKSHARES INC <ABGA> 1ST QTR NET
Texaco Canada Inc 78 pct owned by Texaco Inc &lt;TX> likely would not form any part of a possible settlement in a 10.3 billion U.S. dlr legal battle between Texaco Inc and Penzoil Co &lt;PZL> Texaco Canada chief executive Peter Bijur told reporters. I just just dont believe that it (Texaco Canada) would be part of any ...
TEXACO CANADA <TXC> LIKELY NOT IN A TEXACO PACT
Minnesota Laser Corp said it introduced a new line of Coagulase Series Nd:YAG surgical laser systems. It said the lasers use 400 micron fiberoptics designed for endoscopic microscopic and freehand surgical applications in gynecology urology gastroenterology and pulmonology. Reuter
MINNESOTA LASER INTRODUCES NEW SURGICAL LASERS
The House of Seagram Seagram Co Ltds U.S. marketing arm for Joseph E. Seagram and Sons distilled spirits and wine coolers said it is replacing its four current national spirits companies with a single sales force one marketing unit and a centralized finance and administrative function. Effective May four House of Seagr...
SEAGRAM <VO> REORGANIZES U.S. SALES, MARKETING
Reuters Holdings Plc &lt;RTRS.L> said it has launched its colour videotext service Reuter News-Watch in Britain to service the customers of hotels restaurants airports and banks. News-Watch subscribers can insert their own advertisements and announcements for display. The service uses information from the Reuter databa...
REUTERS LAUNCHES VIDEOTEXT SERVICE IN U.K.
The Government of Bermuda is seeking a 40 mln dlr seven year revolving credit which will be the only credit outstanding in its own name N.M. Rothschild and Sons Ltd said as arranger and agent. The credit will pay a margin of 20 basis points over U.S. Dollar London Interbank Offered Rates (LIBOR) and will incorporate a ...
BERMUDA SEEKS 40 MLN DLR REVOLVING CREDIT
Royal Dutch/Shells Scallop Petroleum Co subsidiary said it will reduce the price it charges contract barge customers in New York harbor for heating oil by 2.5 cts a gallon effective tomorrow. The company said the price cut will bring the contract barge price for heating oil to 51 cts a gallon. Reuter
ROYAL DUTCH <RD> UNIT TO CUT HEATING OIL PRICE
Bankers Trust New York Corp filed with the Securities and Exchange Commission for a shelf offering of up to 400 mln dlrs of subordinated debentures on terms to be set at the time of sale. The bank holding company said proceeds will be used for general corporate purposes including investments in or extensions of credit ...
BANKERS TRUST <BT> FILES 400 MLN DLR OFFERING
Magma Copper Co a subsidiary of Newmont Mining Corp said it is raising its copper cathode price by 0.25 cent to 65.75 cents a lb effective immediately. Reuter
MAGMA RAISES COPPER PRICE 0.25 CT TO 65.75 CTS
Shr 95 cts vs 80 cts Net 57.4 mln vs 46.6 mln Assets 28.39 billion vs 25.87 billion Loans 13.99 billion vs 14.35 billion Reuter
FIRST BANK SYSTEM INC <FBS> 1ST QTR NET
Shr 94 cts vs 1.02 dlrs Net 7255000 vs 7856000 Loans 2.88 billion vs 2.94 billion Deposits 4.05 billion vs 3.73 billion Assets 5.43 billion vs 5.14 billion Reuter
CENTERRE BANCORP <CTBC> 1ST QTR NET
Oper shr four cts vs one ct Oper net 108000 vs 30000 Revs 12.8 mln vs 14.8 mln Note: Current qtr figures exclude operating loss carryforward gain of 57000 dlrs or two cts per share vs gain of 21000 dlrs or one ct per share. Reuter
SEA GALLEY STORES INC <SEAG> 1ST QTR NET
IRT Property Co a real estate investment trust based in Atlanta Georgia has launched a 30 mln dlr convertible subordinated debenture in the Euromarket a partner of Chandler Partnership Ltd said. The issue is unique in several respects and is only one of a handful of such deals to be brought to this market he said. Unli...
IRT PROPERTY LAUNCHES DEBENTURE IN EUROMARKET
Egypt has cancelled its April 2 tender for 200000 tonnes of any origin wheat for April 15-30 shipment trade and Egyptian official sources said. Trade sources said the cancellation followed an offer by an Egyptian company Islamic Corp at 85.80 dlrs/tonne cost and freight undercutting other traders offers of between 93.9...
EGYPT CANCELS WHEAT TENDER
U.K. Helicopter maker &lt;Westland Plc> will reduce the 6000 workforce of its helicopter division by around a third over the next few weeks a company spokesman said. He said the decision was in part the result of a 400 mln stg government order for military helicopters announced earlier. The spokesman said the order had...
WESTLAND TO CUT A THIRD OF HELICOPTER WORKFORCE
The House Armed Services Committee has voted for a transfer in the management of stockpiled materials for national defense to the U.S. Defense Secretary. The committee also voted for legally-binding quantity and quality requirements on the materials mostly metals. The measures are a part of the Defense Authorization Bi...
HOUSE PANEL WANTS PENTAGON MANAGE U.S. STOCKPILE
SALOMON INC MANAGING DIRECTOR SAID RUMORS COMPANY SUFFERED BOND TRADING LOSSES ARE "NOT TRUE"
Canadas trade picture has brightened considerably underscoring economists predictions the sector would post a long awaited recovery this year. The federal government reported today that the monthly surplus soared to 1.25 billion Canadian dlrs in February double Januarys 623 mln dlrs surplus and sharply higher than Febr...
CANADA TRADE RISE SEEN AS START OF RECOVERY
First Bank Systems Inc in reporting higher first quarter net said that if interest is not paid on the 140 mln dlrs in Brazilian loans and nine mln dlrs in Ecuadorian loans for the rest of 1987 its profits for the entire year will be cut by 6.9 mln dlrs. The banking firm said the non-performing status of these loans cut...
FIRST BANK <FBS> SEES LOSS ON BRAZILIAN LOANS
USDA ESTIMATES 1986/87 USSR GRAIN IMPORTS 28.0 MLN TONNES VS 26.0 IN MARCH, 29.9 YEAR AGO
International American Homes Inc said it would not be able to release any statements concerning its stock halt on Nasdaq for about 45 minutes to an hour. American Homes whose stock halted on a last sale of 7-3/4 said the only executive who could release the news would not be available until then. Reuter
INTERNATIONAL AMERICAN <HOME> NEWS TO COME
USDA ESTIMATES 1986 SOVIET GRAIN CROP AT 210 MLN TONNES VS 210 IN MARCH, 192 YEAR-AGO
USDA - U.S. 1986/87 ENDING CORN STOCKS 5,240 MLN BU, WHEAT 1,848 MLN, SOYBEANS 610 MLN
USDA 1986/87 U.S. ORANGE CROP 190,050,000 BOXES, FLORIDA CROP 122,900,000 BOXES
USDA ESTIMATES 1986/87 ORANGE JUICE YIELD AT 1.50 GALS PER BOX FROM FLORIDA CROP
National Medical Enterprises Inc said it filed a registration statement with the Securities and Exchange Commission covering 300 mln dlrs of debt securities. The proposed offering includes 150 mln dlrs of 30-year debentures and 150 mln dlrs of 10-year notes the company said. Net proceeds from the offering will be used ...
NATIONAL MEDICAL <NME> FILES FOR DEBT OFFERING
Comdata Network Inc said it has received a letter from Drexel Burnham Lambert Inc stating that subject to conditions the company could raise up to 235 mln dlrs in debt securities to finance the previously announced merger of a newly formed corporation controlled by &lt;Welsh Carson Anderson and Stowe IV> and Comdata. C...
COMDATA <CDN> GETS MERGER FINANCING
Western Bell Communications Inc said it is preparing a 23-mln-dlr syndicated limited partnership to finance three films and three television pilots through its Western Bell Entertainment Inc unit. Western Bell Entertainment will produce all of the projects the company said. Reuter
WESTERN BELL <WBEL> SETS FILM PARTNERSHIP
Oper shr 1.64 dlrs vs 84 cts Oper net 4583000 vs 2869000 Revs 20.1 mln vs 19.0 mln Avg shrs 2791639 vs 3432746 Year Oper shr 4.46 dlrs vs 3.20 dlrs Oper net 14.1 mln vs 10.9 mln Revs 74.6 mln vs 68.0 mln Avg shrs 3154665 vs 3425187 NOTE: Operating net excludes gains of nothing vs 2444000 dlrs or 72 cts a share in quart...
VORNADO INC <VNO> 4TH QTR JAN 31 NET
FIRST UNION CORP FIRST QTR SHR 71 CTS VS 61 CTS
Following are highlights of the U.S. Agriculture Department supply/demand projections for the 1986/87 seasons in mln bushels with comparisons unless noted -- Corn -- Stocks Aug 31 1987 at 5240 vs 5595 last month. Stocks Aug 31 1986 at 4040 vs 4040 last month. Exports projected at 1375 vs 1250 last month. Exports in 198...
U.S. SUPPLY/DEMAND HIGHLIGHTS
The U.S. Agriculture Department estimated 1986/87 citrus production as follows (in boxes) -- Total U.S. orange crop (excluding Florida Temples) -- 190050000 boxes vs 190850000 boxes last month and 176410000 boxes in the 1985/86 crop. Florida oranges (excluding Temples) -- 122900000 boxes vs 124000000 last month and 119...
U.S. CITRUS CROP ESTIMATE -- USDA
The U.S. Agriculture Department projected an average yield of 1.50 gallons of frozen concentrated orange juice per box (42.0 degree brix equivalent) from Floridas 1986/87 crop. That compares with 1.47 gallons per box previously and 1.38 gallons per box from the 1985/86 crop. The crop reporting board said the estimates ...
USDA ORANGE JUICE YIELD ESTIMATE
The Soviet Union has added 175600 tonnes of U.S. corn to its previous commitments for delivery in the fourth year of the U.S.-USSR Grain Supply Agreement which began October 1 1986 the U.S. Agriculture Department said. According to the departments Export Sales Report covering transactions in the week ended April 2 corn...
USSR ADDS U.S. CORN TO COMMITMENTS - USDA