19-OCT-1987 15:37:46.03 F 
f2882reute f f BC-CITYFED-FINANCI 10-19 0013  ******Blah blah blah.  19-OCT-1987 15:35:53.55 crudeship bahrainiranusa Y 
f2873reute r f AM-GULF-PLATFORM 10-19 0101  By ASHRAF FOUAD BAHRAIN, Oct 19 - Huge oil platforms dot the Gulf like beacons -- usually lit up like Christmas trees at night. One of them, sitting astride the Rostam offshore oilfield, was all but blown out of the water by U.S. Warships on Monday. The Iranian platform, an unsightly mass of steel and concrete, was a three-tier structure rising 200 feet (60 metres) above the warm waters of the Gulf until four U.S. Destroyers pumped some 1,000 shells into it. The U.S. Defense Department said just 10 pct of one section of the structure remained. U.S. helicopters destroyed three Iranian gunboats after an American helicopter came under fire earlier this month and U.S. forces attacked, seized, and sank an Iranian ship they said had been caught laying mines. But Iran was not deterred, according to U.S. defense officials, who said Iranian forces used Chinese-made Silkworm missiles to hit a U.S.-owned Liberian-flagged ship on Thursday and the Sea Isle City on Friday. Both ships were hit in the territorial waters of Kuwait, a key backer of Iraq in its war with Iran. Henry Schuler, a former U.S. diplomat in the Middle East now with CSIS said Washington had agreed to escort Kuwaiti tankers in order to deter Iranian attacks on shipping. But he said the deterrence policy had failed and the level of violence and threats to shipping had increased as a result of U.S. intervention and Iran's response. The attack on the oil platform was the latest example of a U.S. "tit-for-tat" policy that gave Iran the initiative, said Harlan Ullman, an ex-career naval officer now with CSIS. He said with this appraoch America would suffer "the death of one thousand cuts." But for the United States to grab the initiative militarily, it must take warlike steps such as mining Iran's harbors or blockading the mouth of the Gulf through which its shipping must pass, Schuler said. He was among those advocating mining as a means of bringing Iran to the neogtiating table. If vital supplies were cut off, Tehran could not continue the war with Iraq. Ullman said Washington should join Moscow in a diplomatic initiative to end the war and the superpowers should impose an arms embargo against Tehran if it refused to negotiate. He said the United States should also threaten to mine and blockade Iran if it continued fighting and must press Iraq to acknowledge responsibility for starting the war as part of a settlement. Iranian and Western diplomats say Iraq started the war by invading Iran's territory in 1980. Iraq blames Iran for the outbreak of hostilities, which have entailed World War I-style infantry attacks resulting in horrific casualties. Each side has attacked the others' shipping. Reuter  19-OCT-1987 15:34:40.05 acq F 
f2863reute b f BC-CCR-VIDEO-SAYS 10-19 0015  ******Blah blah blah.  19-OCT-1987 15:32:25.38 canada E F 
f2855reute b f BC-GM-<GM>-CANADA-UNIT-M 10-19 0096  TORONTO, Oct 19 - The Canadian Auto Workers' Union said it accepted an economic offer from the Canadian division of General Motors Corp <GM> in contract negotiations. But union president Bob White said many local issues at the 11 plants in Ontario and Quebec still remained unresolved ahead of Thursday's deadline for a strike by 40,000 workers. "It minimizes the possibility of a strike," White told reporters. However, "if we don't have local agreements settled by Thursday, there will be a strike," he said. The local issues still unresolved involved health care, skilled trades and job classifications, White said. GM Canada negotiator Rick Curd said he believed a strike would be avoided. "Even though there are some tough issues to be resolved we're on the right schedule to meet the target," Curd said. "I'm very pleased with the state of the negotiations," he said. Union membership meetings have been scheduled for the weekend in case a tentative settlement, said White. White said the union has also received assurances that a job protection pact negotiated with GM workers in the U.S. does not threaten Canadian jobs. The economic offer for a three-year pact largely matches agreements at Ford <F> and Chrysler <C> in Canada, which include inflation-indexed payments for future retirees and fixed annual payments for current retirees. It also gives workers wage increases of three pct immediately and 1.5 pct in each of the second and third years. Reuter  19-OCT-1987 15:32:11.59 canada E F 
f2854reute u f BC-CANADA-DEVELOPMENT-UN 10-19 0092  SARNIA, Ontario, Oct 19 - Canada Development Corp said its <Polysar Ltd> unit completed a refinancing package worth about 830 mln Canadian dlrs. The company said the financing, which involves 24 banks and four syndicated loans, consists of a 380 mln Canadian dlr revolver, a 200 mln Canadian dlr European medium term loan, a 149 mln Canadian dlr revolver and a 100 mln Canadian dlr operating loan. The company said the refinancing will reduce borrowing costs, in addition to having other benefits. Reuter  19-OCT-1987 15:31:35.28 crudeship bahrainusairan C 
f2849reute u f BC-/DIPLOMATS-CALL-U.S. 10-19 0110  By Ian MacKenzie BAHRAIN, Oct 19 - A U.S. attack on an Iranian oil platform in the Gulf on Monday appeared to be a tit-for-tat raid carefully orchestrated not to be too provocative or upset Arab allies, Western diplomats in the region said. U.S. Defence Secretary Caspar Weinberger said Monday that U.S. Warships destroyed the oil platform in the southern Gulf in response to a missile strike on the American-registered Kuwaiti tanker Sea Isle City in Kuwaiti waters on Friday. "We consider the matter closed," he said, a signal the U.S. administration did not want the Gulf crisis to escalate. Iran had warned the United States earlier in the day against exacerbating the Gulf crisis, saying military action would endanger American interests. Following the raid, a okesman for Tehran's War Information Headquarters vowed to avenge the attack with a "crushing blow." "The United States has entered a swamp from which it can in no way get out safely," Tehran Radio quoted him as saying. Diplomats noted, however, Iran was also seeking to avoid ostracism by Arab states due to meet at a summit in Amman on November 8 and discuss the Iran-Iraq war. Iranian Prime Minister Mir-Hossein Mousavi is currently in Damascus, and diplomats said he would seek Syrian help in preventing a total Arab breach with Tehran. Further escalation of the war threatening the Gulf Arab states could work against Tehran at the Amman gathering, they said. "The ball is in Iran's court now. It's up to Tehran to respond one way or the other," a diplomat said. President Ronald Reagan warned Iran of stronger American countermeasures if the military escalation continued. Western diplomats and military sources in the area said shelling the platform appeared to be the least provocative act the United States could have taken once it had decided to retaliate for the tanker attack, blamed by both the Americans and Kuwaitis on Iran. "It's interesting that they chose something in international waters because it doesn't implicate any other nation," one diplomat said. "This was better for U.S. Relations with the Gulf Arab states, particularly Kuwait." Commented another diplomat: "Kuwait must be happy that the U.S. Has done something, but relieved that Faw was not attacked on its doorstep." One source said of the attack on the oil platform: "They managed to warn off the crew and hit something that was the least nuisance to everybody." A diplomat commented: "They were very clever in the place they chose. It gets attention, but it hasn't devastated anything because it wasn't working in the first place." A senior Arab banker in the area said after the news broke: "This was a good, measured response without risking a flare-up ... It is a face-saving response (for the Americans)." Reuter  19-OCT-1987 15:30:22.56 acq usafrance F 
f2842reute r f BC-BROWN-DISC-TO-BUY-RHO 10-19 0076  COLORADO SPRINGS, Colo., Oct 19 - Brown Disc Products Co Inc, a unit fo Genevar Enterprises Inc, said it has purchased the ongoing business, trademarks and certain assets of Rhone-Poulenc's Brown Disc Manufacturing unit, for undisclosed terms. Rhone-Poulenc is a French-based chemical company. Under the agreement, Rhone-Poulenc will supply magnetic tape and media products to Brown Disc Products. Reuter  19-OCT-1987 15:28:27.68 V RM 
f2834reute f f BC-DOW-SINKS-TO-LO 10-19 0011  ******Blah blah blah.  19-OCT-1987 15:27:23.12 usa F 
f2832reute h f BC-LANE-TELECOMMUNICATIO 10-19 0080  HOUSTON, Oct 19 - Lane Telecommunications Inc <LNTL.O> said Richard Lane, its president and chief operating officer, resigned effective Oct 23. Lane founded the company in 1976 and has been its president since its inception, the company said. He said he resigned to pursue other business interests. Kirk Weaver, chairman and chief executive officer, said Lane's resignation was amicable. No replacement has been named. Reuter  19-OCT-1987 15:24:34.02 usa F 
f2824reute d f BC-PERKIN-ELMER-<PKN>-WI 10-19 0072  NORWALK, Conn., Oct 19 - Perkin-Elmer Corp said it won a contract to provide laboratory information management systems to the Enviromental Protection Agency's 10 regional laboratories. The value and the exact duration of the contract was not disclosed. The company said the contract will include hardware, software, installation, support services, and software analyst consultations. Reuter  19-OCT-1987 15:23:44.84 usa F 
f2822reute s f BC-WHIRLPOOL-CORP-<WHR> 10-19 0026  BENTON HARBOR, MICH., Oct 19 - Qtly div 27-1/2 cts vs 27-1/2 cts prior Pay December 31 Record December Four Reuter  19-OCT-1987 15:23:41.70 earn usa F 
f2821reute d f BC-CONSOLIDATED-FREIGHTW 10-19 0045  PALO ALTO, Calif., Oct 19 - Shr 43 cts vs 63 cts Net 16,362,000 vs 24,325,000 Revs 589.3 mln vs 549.1 mln Nine Mths Shr 1.40 dlrs vs 1.73 dlrs Net 54,011,000 66,591,000 Revs 1.68 1.58 billion Reuter  19-OCT-1987 15:23:36.33 crudeship usairaniraqkuwait Y RM 
f2820reute u f AM-GULF-FUTURE 10-19 0081  By CHRISTOPHER HANSON WASHINGTON, Oct 19 - Military experts say the United States faces a dilemma in the Gulf following U.S. destruction of an Iranian oil platform in retaliation for an attack on a U.S.-flagged tanker. The experts told Reuters Tehran holds the initiative and is likely to control the tempo and direction of the conflict as long as America simply reacts to Iranian attacks by launching limited retaliatory strikes. But if Washington seizes the initiative with bolder steps -- such as mining Iran's harbors, blockading its shipping, or destroying key bases -- it could find itself in a major war. "Iran is in the driver's seat in an absolute sense as the cycle of attack and retaliation continues," said Fred Axelgard, a Gulf War expert with the private Center for Strategic and International Studies (CSIS). "It's like a Greek tragedy," said retired Adm. Eugene Carroll of Washington's private Center for Defense Information (CDI) think tank. Some Middle East experts say the only way out is for Washington to join forces with Moscow in pressing for an end to the war between Iran and Iraq. They say it is not feasible for America to withdraw its 30-ship force from the Gulf area, where the Navy began escorting U.S.-flagged Kuwaiti tankers in July. Withdrawal would give the appearance of being chased away by Iran, which President Reagan could never accept. U.S. Defense Secretary Caspar Weinberger told a Pentagon news conference the destroyers Kidd, Young, Leftwich and Hoel fired about 1,000 rounds of five-inch shells at Iran's Rostam oil rig 120 miles east of Bahrain beginning at about 1400 Gulf time (0700 EDT) on Monday. Weinberger said the platform had been used as a military base by Iran and that the attack responded to an Iranian Silkworm missile strike on the U.S.-flagged Kuwaiti tanker Sea Isle City on Friday. Iranians manning the platform were warned in advance and allowed to escape. "We do not seek further confrontation with Iran, but we will be prepared to meet any escalation of military action by Iran with stronger countermeasures," Weinberger said. "We consider this matter closed," he said. Analysts ranging from the liberal CDI to conservatives agreed the U.S. reaction was measured, reasonable and did not escalate the conflict unduly. But they said the question was whether Iran would consider the matter closed. It had not taken this view after earlier clashes. Reuter  19-OCT-1987 15:23:02.47 earn usa F 
f2817reute d f BC-ROCHESTER-TELEPHONE-C 10-19 0044  ROCHESTER, N.Y., Oct 19 - Shr 96 cts vs 87 cts Net 10.8 mln vs 9,671,000 Revs 103.9 mln vs 97.5 mln Nine mths Shr 2.73 dlrs vs 2.62 dlrs Net 30.7 mln vs 29.3 mln Revs 325.7 mln vs 302.8 mln Reuter  19-OCT-1987 15:21:54.33 usa F 
f2815reute h f BC-NATIONAL-CITY-<NCTY.O 10-19 0106  CLEVELAND, Oct 19 - National City Corp's National City Bank unit said it has begun a personal computer-based financial management service for small businesses. The service, the InTouch Financial Manager, is based on a personal computer system develoed by <Harbinger Comput Services> of Atlanta, and is licensed in Ohio by <Money Station Inc>, an electronic funds transfer network. National City said the service will allow businesses to use a personal computer and a local telephone call to communicate with their bank to initiate transactions and to receive data anmessages. Reuter  19-OCT-1987 15:20:42.71 earn usa F 
f2813reute r f BC-SOUTH-CAROLINA-NATION 10-19 0054  COLUMBIA, S.C., Oct 19 - Shr 64 cts vs 55 cts Net 14.0 mln vs 11.8 mln Nine mths Shr 1.83 dlrs vs 1.53 dlrs Net 39.7 mln vs 32.7 mln Assets 4.65 billion vs 4.53 billion Loans 3.24 billion vs 2.92 billion Deposits 3.32 billion vs 3.15 billion Reuter  19-OCT-1987 15:19:34.63 earn usa F 
f2809reute u f BC-MARINE-CORP-<MCOR.O> 10-19 0056  SPRINGFIELD, Ill., Oct 19 - Shr 30 cts vs 30 cts Net 1,804,000 vs 1,800,000 Nine mths Shr 89 cts vs 79 cts Net 5,334,00 vs 4,496,000 NOTE: Earnings per share reflect initial public offering of 534,750 common shares in March 1986 and 2-for-1 stock splits in January and June 1986. Reuter  19-OCT-1987 15:18:52.46 crude uknorway F Y 
f2807reute r f BC-STATOIL-AWARDS-VESLEF 10-19 0110  LONDON, Oct 19 - Norwegian state oil company Den Norske Stats Oljeselskap (Statoil) signed contracts worth a total of 1.5 billion Norwegian crowns in connection with the development of the Veslefrikk oil field, Statoil said. Moss Rosenberg Verft of Stavanger has been awarded a contract to convert the the drilling platform West Vision to a floating production platform. The work is to be completed in the summer of 1989. Aker Verdal has been awarded a contract for the engineering, purchasing and construction of the steel jacket for the wellhead platform, also to be completed in 1989, Statoil said. Reuter  19-OCT-1987 15:17:20.73 acq uk F Y 
f2798reute h f BC-U.K.-TREASURY-CONFIRM 10-19 0106  LONDON, Oct 19 - The British Treasury confirmed that the sale of British Petroleum Co Plc will go ahead as planned, despite Monday's stock market crash which forced BP below the 330p a share set for the 7.2 billion stg issue. "The government are not considering terminating the BP offer. The offer has been fully underwritten," a Treasury spokesman said. The issue, which remains open until October 28, was fully underwritten last week when the issue price was set. BP shares closed down 33p at 317p as the FT-SE 100 share index crashed a record 249.6 points, more than 10 pct. Reuter  19-OCT-1987 15:14:42.04 ugandaegypt RM 
f2787reute r f AM-UGANDA-EGYPT 10-19 0108  KAMPALA, Oct 19 - Egypt has agreed to build two housing estates and two new roads in Uganda worth a total of 295 million dollars, Egyptian commercial attache Muhammud el Tahan said. He said Egyptian companies will build 8,000 housing units in Kampala and reconstruct the roads between Fort Portal and Bundibugyo near the Zaire border in western Uganda and between Kapchorwa and Swam near Mount Elgon in the east of the country. Uganda would repay 70 per cent of the Egyptian Government credit to finance the projects in the form of barter goods and 30 per cent in hard currency, Tahan said. Reuter  19-OCT-1987 15:12:27.51 E F 
f2781reute f f BC-UNION-ACCEPTS-G 10-19 0013  ******Blah blah blah.  19-OCT-1987 15:10:34.40 earn usa F 
f2773reute d f BC-HARMAN-INTERNATIONAL 10-19 0044  WASHINGTON, Oct 19 - Shr 30 cts vs 26 cts Net 2,534,000 vs 1,695,000 Revs 98.8 mln vs 67.1 mln Avg shrs 8,447,000 vs 6,563,000 NOTE: full name of company is harman international industries inc. Reuter  19-OCT-1987 15:10:11.16 money-fx west-germany RM A 
f2771reute u f BC-GERMAN-BANKER-CALLS-F 10-19 0107  BONN, Oct 19 - Finance ministers from major industrial nations should hold a special meeting to deal with the U.S. Dollar's sharp decline, Helmut Geiger, president of the West German savings bank association, said. Geiger told Reuters: "Finance ministers should meet soon to take confidence-building measures to limit the damage caused by the dollar's fall." Separately, Geiger told Bild newspaper in an interview released ahead of publication on Tuesday that the lower dollar, which had been artificially talked down by U.S. officials, would damage West German exports and cost jobs. Reuter  19-OCT-1987 15:07:16.28 usa F A RM 
f2754reute r f BC-FIRST-BOSTON-<FBC>-ST 10-19 0092  NEW YORK, Oct 19 - First Boston Inc said it is conducting a strategic review of its operations as part of a general policy to periodically evaluate its business plans. The company said it is too early to predict the outcome of the review, although it does not expect radical changes in its organization. Salomon Inc <SB> last week completed a strategic review that resulted in substantial layoffs. Other brokerage firms are either engaged in reviews or have made major personnel cutbacks. Reuter  19-OCT-1987 15:07:01.53 nyse V RM 
f2752reute f f BC-NYSE-TRADES-MOR 10-19 0010  ******Blah blah blah.  19-OCT-1987 15:06:04.62 usa F 
f2750reute s f BC-FEDERAL-SIGNAL-CORP-< 10-19 0025  OAK BROOK, ILL., Oct 19 - Qtly div 20 cts vs 20 cts prior Pay January Seven Record December 17 Reuter  19-OCT-1987 15:06:01.13 usa F 
f2749reute d f BC-ENTERTAINMENT-MARKETI 10-19 0061  HOUSTON, Oct 19 - Elias Zinn, chairman and chief executive of Entertainment Marketing Inc, said he planned to personally purchase up to 500,000 shares of Entertaiment Marketing common stock from time to time in the open market. Zinn said his purchases would be subject to availability and acceptable price levels. Reuter  19-OCT-1987 15:05:55.95 earn usa F 
f2748reute r f BC-THE-BANKING-CENTER-<T 10-19 0053  WATERBURY, Conn., Oct 19 - Shr 25 cts Net 3,081,000 vs 2,063,000 Nine months Shr 86 cts Net 10.5 mln vs 6,966,000 Assets 1.43 billion vs 1.30 billion Deposits 912.5 mln vs 875.8 mln NOTE: Company converted to a stock savings bank on Aug 13, 1986. 1986 results include operations of Realtech Realtors, which was acquired in 1986. 1987 results include operations of Burgdorff Realtors, acquired in December 1986; Cornerstone Mortgage Co, acquired in July 1987; Centerbank Mortgage Co, acquired in July 1987; and Center Capital Corp, formed in August 1987. Reuter  19-OCT-1987 15:05:50.99 usa F 
f2747reute r f BC-ROTO-ROOTER-<ROTO.O> 10-19 0072  CINCINNATI, Ohio, Oct 16 - Roto-Rooter Inc said it expects fourth quarter profits to exceed the 22 cts a share reported for the final quarter of 1986 and the 23 cts earned in 1987's third quarter. It reported the third quarter profit was up pct from the 20 cts a share earned during the quarter in 1986. Nine month profits were up 23 pct to 64 cts a share from 52 cts last year. Reuter  19-OCT-1987 15:05:42.30 acq usa F 
f2745reute u f BC-CALMAT-<CZM>-SUES-IND 10-19 0082  LOS ANGELES, Oct 19 - CalMat Co said it filed suit in Los Angeles Superior Court against Industrial Equity (Pacific) Ltd, against certain of its affiliates and against Ronald Langley, president of Industrial Equity's North American operations. The company said its sut charges that Langley missapropriated material non-public information acquired in his capacity as a CalMat director and used the information for the benefit of Industrial Equity. According to its more recent amendment to its Schedule 13D, Industrial Equity owned about 19.17 pct of CalMat's stock at October 14, CalMat said. It said Industrial has also stated that it intends to pursue a possible business combination in the near future. Reuter  19-OCT-1987 15:05:31.45 trade usaussr reaganverity F A RM 
f2743reute r f AM-REAGAN-VERITY 10-19 0104  WASHINGTON, Oct 19 - President Reagan said the Commerce Department should be vigilant in preventing the flow of strategic technology from reaching the the Soviet Union and other communist countries. He was speaking at the swearing in of C. William Verity as Secretary of the Commerce Department. Verity said the U.S. should make certain that militarily sensitive high technology does not wind up in communist nations. But he also said the U.S. must reduce the list of products of a nontechnological nature, thereby allowing manufacturers to increase exports and jobs. Reuter  19-OCT-1987 15:02:51.54 earn usa F 
f2726reute d f BC-WATTS-INDUSTRIES-INC 10-19 0032  ANDOVER, Mass., Oct 19 - Shr 36 cts vs 27 cts Net 4,538,000 vs 3,160,000 Sales 41.8 mln vs 32.8 mln Avg shrs 12.6 mln vs 11.9 mln Reuter  19-OCT-1987 15:01:06.27 usa F 
f2712reute h f BC-WHIRLPOOL-<WHR>-NAMES 10-19 0070  BENTON HARBOR, MICH., Oct 19 - Whirlpool Corp said it named David Whitwam to the additional position of chairman, effective December One, replacing Jack Sparks, who retires November 30. It said Whitwam was elected president and chief executive officer effective July One. Sparks will continue to serve on Whirlpool's board of directors as chairman of the finance committee. Reuter  19-OCT-1987 14:59:03.82 earn usa F 
f2706reute h f BC-MONITERM-CORP-<MTRM.O 10-19 0084  MINNETONKA, MINN., Oct 19 - Oper shr profit 13 cts vs nil Oper net profit 612,806 vs profit 2,363 Sales 8,317,933 vs 2,823,243 Nine mths Oper shr profit 32 cts vs loss four cts Oper net profit 1,464,338 vs loss 161,315 Sales 20.3 mln vs 8,241,463 NOTE: 1987 earnings exclude gains from utilization of tax loss carryforwards of 321,980 dlrs, or seven cts a share in the quarter and 772,285 dlrs, or 17 cts a share for the nine months Reuter  19-OCT-1987 14:57:51.62 usa F 
f2700reute h f BC-SEEQ-<SEEQD.O>,-NATIO 10-19 0082  SANTA CLARA, Calif., Oct 19 - Seeq Technology Corp and National Semiconductor Corp said they signed a four-year exclusive technology licensing and manufacturing agreement. The agreement allows the two companies to share technology and marketing rights to Seeq's 512-kilobit and one-megabit semiconductors and for National Semiconductor's 256-Kb FLASH EEPROMs, the companies said. Financial terms of the arrangement were not disclosed. Reuter  19-OCT-1987 14:57:12.59 earn usa F 
f2697reute d f BC-ERIE-LACKAWANNA-INC-< 10-19 0047  CLEVELAND, Oct 19 - Shr 1.32 dlrs vs 1.59 dlrs Net 1,217,649 vs 1,471,824 Total income 1,896,018 vs 2,278,642 Nine mths Shr 4.92 dlrs vs 5.38 dlrs Net 4,553,380 vs 4,979,626 Total income 6,918,266 vs 8,134,313 Reuter  19-OCT-1987 14:56:58.45 earn usa F 
f2696reute h f BC-QUANTUM-CORP-<QNTM.O> 10-19 0043  MILPITAS, Calif., Oct 19 - Shr 44 cts vs 30 cts Net 4,057,000 vs 2,716,000 Sales 49.5 mln vs 29.6 mln Six Mths Shr six cts vs 55 cts Net 518,000 vs 5,167,000 Sales 89.7 mln vs 54.9 mln Reuter  19-OCT-1987 14:56:46.00 earn usa F 
f2695reute w f BC-TERMIFLEX-CORP-<TFLX. 10-19 0038  MERRIMACK, N.H., Oct 19 - Shr five cts vs seven cts Net 64,652 vs 96,157 Sales 1,205,321 vs 1,499,591 NOTE: Backlog three mln dlrs vs 2,600,000 as of June 30, 1987. Reuter  19-OCT-1987 14:56:31.92 acq usa F 
f2692reute s f BC-DURAKON-<DRKN.O>-TO-M 10-19 0050  LAPEER, Mich., Oct 19 - Durakon Industries Inc said it has entered into a definitive agreement to acquire DFM Corp, a maker of bug and gravel protective shields for trucks and cars, for an undisclosed amount of cash and debentures, retroactive to September One. Reuter  19-OCT-1987 14:56:25.95 acq usa F 
f2691reute r f BC-CHARTER-CRELLIN 10-19 0089  WASHINGTON, Oct 19 - Atlantis Group Inc said it bought 100,000 shares of Charter-Crellin Inc common stock, or 6.3 pct of the total outstanding, and may seek control in a negotiated transaction. In a filing with the Securities and Exchange Commission, Atlantis said it has informally discussed a business combination with Charter-Crellin management. But the company said it has not held negotiations with Charter-Crellin and does not intend to initiate further discussions. Pending development of specific proposals, Atlantis said it will continue to purchase additional Charter-Crellin shares in private or open market transactions depending on a range of factors including the market price of the stock. Atlantis said it bought its Charter-Crellin common stock in open market transactions between September 22 and October 7 at 14.91 dlrs to 15.62 dlrs a share, or for a total of about 1.51 mln dlrs. Reuter  19-OCT-1987 14:56:02.82 acq usa F 
f2690reute s f BC-ALLWASTE-<ALWS.O>-TO 10-19 0066  HOUSTON, Oct 19 - Allwaste Inc said it has agreed in principle to acquire a privately-held firm that performs interior cleaning services for tank-trailers for 1,300,000 common shares. It said the firm, which it did not name, earned about 1,500,000 dlrs pretax for the first nine mons of 1987. The company said closing is expected by October 31. Reuter  19-OCT-1987 14:55:53.51 earn usa F 
f2689reute d f BC-TRAVELERS-REAL-ESTATE 10-19 0051  BOSTON, Oct 19 - Shr 18 cts vs 27 cts Net 444,387 vs 676,593 Revs 549,437 vs 764,901 Nine mths Shr 67 cts vs 81 cts Net 1,690,670 vs 2,031,937 Revs 1,986,938 vs 2,302,278 NOTE: Full name is Travelers Real Estate Investment Trust Reuter  19-OCT-1987 14:55:34.56 usa F 
f2687reute d f BC-SAFEGUARD-<SFGD.O>-TO 10-19 0070  ANAHEIM, Calif., Oct 19 - Safeguard Health Enterprises Inc said its board authorized management to step up its stock repurchase program by doubling the repurchase ceiling to 1.6 mln shares. The company also said it has already purchased 691,000 shares through September 30 under the previous authorization to buy 800,000 shares, or 10 pct of the stock then outstanding. Reuter  19-OCT-1987 14:55:26.31 earn usa F 
f2686reute u f BC-NEW-YORK-TIMES-CO-<NY 10-19 0042  NEW YORK, Oct 19 - Shr 40 cts vs 33 cts Net 32.6 mln vs 26.7 mln Revs 406.5 mln vs 370.1 mln Nine months Shr 1.44 dlrs vs 1.20 dls Net 117.8 mln vs 97.5 mln Revs 1.2 billion vs 1.1 billion Reuter  19-OCT-1987 14:55:10.41 earn usa F 
f2685reute d f BC-SAFEGUARD-HEALTH-<SFG 10-19 0051  ANAHEIM, Calif., Oct 19 - Shr 11 cts vs five cts Net 806,000 vs 384,000 Revs 18.0 mln vs 15.6 mln Nine Mths Shr 28 cts vs 17 cts Net 2,105,000 vs 1,320,000 Revs 51.9 mln vs 46.1 mln Note: Full name Safeguard Health Enterprises Inc. Reuter  19-OCT-1987 14:55:01.65 acq usa F 
f2684reute u f BC-HENLEY-<HENG.O>-ENDS 10-19 0084  LA JOLLA, Calif., Oct 19 - Henley Group Inc said it ended talks with Sante Fe Southern Pacific Corp concerning the possible acquisition of Sante Fe's Southern Pacific Transportation Co subsidiary. The company also said it is reviewing its investment in Santa Fe Southern Pacific in light of Sante Fe's announcement that it recieved several bids ranging from 750 mln dlrs to more than one billion dlrs for its Southern Pafific Transportation subsidiary. Henley said it held discussions with Sante Fe concerning the acquisition by Henley of Bankers Leasing and Financial Corp and certain Sante Fe transportation and real estate assets. Henley said it began talks with Sante Fe after it announced its restructuring program in August 1987. As previously disclosed, Henley made necessary filings under the Hart-Scott-Rodino Antitrust Improvement Acts to permit Henley to increase its investment in Sante Fe to 24.9 pct of the outstanding common stock from 5.03 pct. Henley said that depending on prevailing conditions, including price and availability of Sante Fe stock, substantial developments affecting Sante Fe, other investment and business opportunities available to Henley, Henley may additional Sante Fe shares, or sell all or part of its investment in Sante Fe. Reuter  19-OCT-1987 14:54:15.03 earn usa F 
f2683reute d f BC-MERCURY-SAVINGS-AND-L 10-19 0053  HUNTINGTON BEACH, Calif., Oct 19 - Shr loss 39 cts vs profit 44 cts Net loss 2,169,000 vs profit 2,417,000 Nine Mths Shr profit 56 cts vs profit 1.68 dlrs Net profit 3,111,000 vs profit 9,317,000 Note: Full name Mercury Savings and Loan Association ' Reuter  19-OCT-1987 14:53:33.35 usa F 
f2679reute a f BC-CARMIKE-<CMIKA.O>-OPE 10-19 0028  COLUMBUS, Ga., Oct 19 - Carmike Cinemas Inc said it has opened a six-screen theter called Carmike Six in Milledgeville, Ga. Reuter  19-OCT-1987 14:53:09.31 earn usa F 
f2677reute d f BC-BURNHAM-SERVICE-CORP 10-19 0043  COLUMBUS, Ga., Oct 19 - Shr 45 cts vs 36 cts Net 2,554,000 vs 1,954,000 Revs 44.4 mln vs 32.5 mln Nine mths Shr 1.00 dlrs vs 75 cts Net 5,461,000 vs 3,756,000 Revs 109.5 mln vs 89.9 mln Reuter  19-OCT-1987 14:52:58.11 acq usa F 
f2676reute d f BC-TEXAS-AMERICAN-BANCSH 10-19 0087  FORT WORTH, Texas, Oct 19 - Texas American Bancshares Inc said it agreed to sell its Texas American Bank/Levelland unit to <First American Bancorp Inc> for about 12 mln dlrs in cash. Texas American said regulatory approval ofthe transaction is expected in December, and the sale will close shortly thereafter. Once the sale is completed, the unit's name will change to First American Bank of Texas. The unit reported total assets of 196.7 mln dlrs on Juen 30, 1987. Reuter  19-OCT-1987 14:52:34.06 acq usa F 
f2675reute d f BC-SUPERMARKETS-GENERAL 10-19 0113  CARTERET, N.J., Oct 19 - Supermarkets General Corp said it agreed to sell 11 super drug stores to <F and M Distributors>. The nine existing and two unopened stores are located in Maryland, Virginia and upstate New York and are operated under the Pathmark Super Drug trade name, the company said. Terms of the transaction were not disclosed. The nine existing stores generated approximately 34.8 mln dlrs of Supermarkets General's total sales of 2.9 billion during the six-month period ended Aug One, 1987. F and M Distributors operates 42 discount drug stores in Michigan, Ohio, Illinois, Indiana and Wisconsin. Reuter  19-OCT-1987 14:51:53.39 usa F 
f2673reute r f BC-TRAVELERS-REAL-ESTATE 10-19 0077  BOSTON, Oct 19 - Travelers Real Estate Investment Trust Qtly div 17 cts vs 23 cts in prior qtr Payable November 25 Record October 30 It said the lower dividend reflects the reduction in cash flow from a mortgage secured by a motel in Covington, La. The trust said an appraisal is being made of the Covington property to determine whether an increase in loss reserve will be required at year end. Travelers REIT said its investment adviser, Keystone Realty Advisers has committed to lend the trust up to 500,000 dlrs for a term of two years to cover past due payables and capital improvements on the Covington motel. Keystone Realty is an affiliate of the Keystone Group, a Traverlers Corp <TIC> subsidiary. Reuter  19-OCT-1987 14:51:34.80 earn usa F 
f2671reute r f BC-ERC-INTERNATIONAL-INC 10-19 0070  FAIRFAX, Va., Oct 19 - Shr 31 cts vs nine cts Net 1,345,000 vs 368,000 Revs 31.9 mln vs 26.4 mln Nine mths Shr 91 cts vs 40 cts Net 3,890,000 vs 3,556,000 Revs 89.3 mln vs 71.7 mln NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or 19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share, respectively, from discontinued operations. Reuter  19-OCT-1987 14:51:26.65 usa F 
f2670reute r f BC-KING-WORLD-<KWP>-SAYS 10-19 0049  NEW YORK, Oct 19 - King World Productions Inc said its syndicated television series "The Oprah Winfrey Show" has been extended through the 1989-90 broadcast season. It said six of the top 10 markets have renewed the series through the end of the decade. Reuter  19-OCT-1987 14:50:41.28 earn usa F 
f2666reute u f BC-/PAINEWEBBER-GROUP-IN 10-19 0056  NEW YORK, Oct 19 - Shr 44 cts vs 71 cts Net 14.8 mln vs 21.1 mln Revs 628.6 mln vs 605.6 mln Avg shrs 30,743,000 vs 26,969,000 Nine mths Shr 2.01 dlrs vs 1.93 dlrs Net 65.0 mln vs 57.4 mln Revs 1.89 billion vs 1.81 billion Avg shrs 30,782,000 vs 26,619,000 Reuter  19-OCT-1987 14:49:20.85 E RM 
f2661reute f f BC-CANADA-JUNE-BUDGET-DE 10-19 0016  *****Blah blah blah.  19-OCT-1987 14:47:08.40 usa F 
f2647reute d f BC-COUNTRYWIDE-<CCR>-SEE 10-19 0106  NEW YORK, Oct 19 - Countrywide Credit Industries Inc said it expects fiscal third quarter earnings of 20 or 21 cents per fully diluted share, based on 18 mln shares outstanding. The company posted net income of 31 cents per fully diluted share in the previous third quarter ended November 30 last year, based on 12 mln shares outstanding. Angelo Mozilo, vice chairman and executive vice president, also told security analysts that that company should have a total loan servicing portfolio of 11 billion or 12 billion dlrs by the end of the current fiscal year, in February 1988. Countrywide Credit, a financial service company primarily involved in mortgage banking, reported 4.5 billion dlrs in its loan servicing portfolio for the last fiscal year. In addition, Mozilo said the company was continuing to reduce expenses by one mln dlrs a month and should bring total costs down by three mln dlrs at the end of the quarter. He said about 55 pct of the cost cuts were in personnel, and that the company had reduced the number of its offices nationwide by 11 in recent months. Reuter  19-OCT-1987 14:45:58.06 crude venezuela opec Y 
f2641reute u f BC-VENEZUELA-SAYS-OPEC-O 10-19 0105  VENEZUELA SAYS OPEC OIL OUTPUT 0VER 18 MLN BPD CARACAS, Oct 19 - The current OPEC oil production is above 18 mln barrels per day (bpd) and this level threatens the precarious equilibrium of the of oil market, Venezuelan Energy and Mines Minister Arturo Hernandez Grisanti said on Monday. He told reporters three or four countries out of OPEC's 13 members were mainly responsible for the overproduction, but declined to identify them. OPEC's production ceiling for the second half of 1987 is 16.6 mln bpd. The Venezuelan minister said OPEC's production reached a peak this year when it went over 19 mln bpd in August. Hernandez Grisanti, together with the oil ministers of Nigeria and Indonesia, met the heads of state of six Mideast Gulf countries earlier this month to urge OPEC members to comply with assigned production quotas. He said some of the countries which were complying as Venezuela, Indonesia, Libya, Algeria, Ecuador, Saudi Arabia and Iran. Hernandez declined to say whether the three or four countries he said were overproducing bordered the Mideast Gulf. REUTER  19-OCT-1987 14:45:13.72 acq usa F 
f2638reute b f BC-ATLANTIS-GROUP 10-19 0013  ****Blah blah blah.  19-OCT-1987 14:44:27.84 acq usa F 
f2634reute d f BC-DYNASCAN-<DYNA.O>-COM 10-19 0109  CHICAGO, Oct 19 - Dynascan Corp said it completed the sale of its industrial electronic products group and expects to recognize about a 3.0 mln dlr pretax gain on the transaction in the fourth quarter. It said the group was sold October 15 for 13.5 mln dlrs to Maxtec International Corp, a privately held company created by the company's management team. It said the purchase price was 12 mln dlrs in cash and 1.5 mln dlrs in five-year notes plus warrants to buy 7.0 pct of the stock of Maxtec. Dynascan said the group was projected to provide about 12 pct of its consolidated sales in 1987. Reuter  19-OCT-1987 14:43:45.78 acq F 
f2633reute f f BC-HENLEY-GROUP-RE 10-19 0011  ******Blah blah blah.  19-OCT-1987 14:43:38.56 usa F 
f2632reute s f BC-PALL-CORP-<PLL>-SETS 10-19 0022  GLEN COVE, N.Y., Oct 19 - Qtly div 8-1/2 cts vs 8-1/2 cts prior Pay Nov 13 Record Oct 30 Reuter  19-OCT-1987 14:42:48.01 acq F 
f2628reute f f BC-HENLEY-GROUP-SA 10-19 0015  ******Blah blah blah.  19-OCT-1987 14:42:12.65 F 
f2627reute f f BC-PAINEWEBBER-GRO 10-19 0009  ******Blah blah blah.  19-OCT-1987 14:42:08.28 acq spainukusa F 
f2626reute r f BC-RENTA-INMOBILIARIA-SE 10-19 0099  MADRID, Oct 19 - Spanish property firm <Renta Inmobiliaria SA> is negotiating to buy the property assets of U.S. media company Cannon Group Inc <CAN>, Renta's finance director Jose Luis Sanchez said. Sanchez told Reuters that Renta's chairman Juan Antonio Robles was currently in the U.S. to negotiate the deal but declined to give other details. Interpart, a Luxembourg-based holding company chaired by Italian financier Giancarlo Paretti, payed around 12.2 billion pesetas in July to acquire a 63.5 pct stake in Renta Inmobiliaria. The Spanish daily newspaper El Pais said the Cannon property assets sought by Renta included the Elstree film studios in Britain and a chain of movie-theaters in Europe and the U.S. Reuter  19-OCT-1987 14:41:38.02 usa F 
f2625reute r f BC-STOP-AND-SHOP-<SHP>-T 10-19 0035  BOSTON, Oct 19 - Stop and Shop Cos Inc said its board has authorized the repurchase of up to five pct of its common shares from time to time at prevailing market prices. Reuter  19-OCT-1987 14:41:28.16 crude usa F Y 
f2623reute u f BC-SOUTHLAND-<SLC>-UNIT 10-19 0078  New York, Oct 19 - Citgo Petroleum Corp, a subsidiary of Southland Corp, said it raised the contract price it will pay for all grades of crude oil by 50 cts a barrel, effective Oct 16 The increase brings Citgo's postings for the West Texas Intermediate and West Texas Sour grades to 19.00 dlrs/barrel, while Light Louisiana SWeet is now priced at 19.35 dlrs. Citgo last changed it crude oil postings on Sept 9. Reuter  19-OCT-1987 14:41:09.93 F 
f2621reute f f BC-NEW-YORK-TIMES 10-19 0008  ******Blah blah blah.  19-OCT-1987 14:40:54.90 usa F 
f2619reute d f BC-<THERMASCAN-INC>-RECE 10-19 0110  NEW YORK, Oct 19 - Thermascan Inc said the U.S. Food and Drug Administration has approved clinical trials of a new, advanced AIDS confirmation test developed by the company. Thermascan said that about 10,000 trials will be taken on the the new test, called Fluorognost in the next three months through blood banks, hospitals and health centers as well as by individual physicians. The trials will be conducted in New York at the Beth Israel Medical Centre, the Sacremento Medical foundation Blood Center, the Karolinska Institute, Stockholm, and the Institute of Hygiene at the University of Innspruck. Reuter  19-OCT-1987 14:40:47.20 usa F 
f2618reute d f BC-GOTTSCHALKS-<GOT>-TO 10-19 0061  FRESCalif., Oct 19 - Gottschalks Inc said its board authorized management to purchase up to 300,000 of the company's outstanding shares, or about 3.5 pct of the stock outstanding, because the company believes its shares are currently undervalued. It said the purchases will be made from time to time on the open market. Reuter  19-OCT-1987 14:40:42.14 acq usa F 
f2617reute r f BC-CCX-INC 10-19 0083  WASHINGTON, Oct 19 - A shareholder group including Far Hills, N.J. attorney Natalie Koether said it reduced its stake in CCX Inc common stock to 10,000 shares, or less than one pct of the company's common stock outstanding, from a previous stake of about ten pct. In a filing with the Securities and Exchange Commission, the group said it sold 380,000 CCX common shares on October 15 at four dlrs a share. The group gave no reason for the sales. Reuter  19-OCT-1987 14:40:07.34 usa A RM 
f2612reute d f BC-LEISURE-AND-TECHNOLOG 10-19 0070  NEW YORK, Oct 19 - Leisure and Technology In is raising 40 mln dlrs through an offering of notes due 1999, said sole manager Merrill Lynch Capital Markets. The notes have a 15-3/4 pct coupon and were priced at par. Non-callable for three years and non-refundable for five years, the issue is rated B-2 by Moody's Investors Service Inc and B by Standard and Poor's Corp. Reuter  19-OCT-1987 14:39:55.20 acq usa F 
f2611reute r f BC-TWIN-DISC 10-19 0106  WASHINGTON, Oct 19 - Orion Capital Corp said it acquired 163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the company's common stock outstanding. In a filing with the Securities and Exchange Commission, Orion Capital said the stock represents "a favorable investment opportunity at current market prices." In open market transactions between August 21 and October 16, an Orion Capital subsidiary bought 56,200 Twin Disc common shares at 21.06 dlrs to 22.43 dlrs a share. The entire 5.2 pct stake was purchased at a cost of 3.2 mln dlrs, Orion Capital told the SEC. Reuter  19-OCT-1987 14:39:13.69 usa F Y 
f2610reute d f BC-MOBIL-<MOB>-RAISES-PL 10-19 0063  NEW YORK, Oct 19 - Mobil Corp's Mobile Chemical Co said it is expanding its plastic grocery sack production by 20 pct with two new manufacturing lines at its Temple, Texas, plant. Mobil said the new lines will begin operation next year. A spokesman said no information on cost or capacity of the equipment is available. Reuter  19-OCT-1987 14:38:56.05 usa F 
f2608reute r f BC-QUANTUM-<QNTM.O>-SETT 10-19 0087  MILPITAS, Calif., Oct 19 - Quantum Corp said it agreed to settle a suit which charged NEC Corp and its NEC Information Systems Inc subsidiary with infringing on a Quantum patent for a disk drive architecture. The company said the settlement agreement calls for NEC and NEC Information to pay a total of 2,975,000 dlrs. It said the arrangement follows a recent court order that granted Quantum's motion for summary judgment and ruled that NEC infringed on the Quantum patent. Reuter  19-OCT-1987 14:38:08.85 crude venezuelausairan RM Y V 
f2605reute b f BC-VENEZWELA~-SEES-MARKE 10-19 0065  CARACAS, Oct 19 - Venezuelan Energy Minister Arturo Hernandez Grisanti said he foresaw market stability in the price of crude, despite growing tension in the Gulf augmented by the U.S. military attack on an Iranian oil platform. He told a news conference the market continues to be stable despite all the military action in the Gulf. Reuter  19-OCT-1987 14:37:44.00 earn usa F 
f2603reute w f BC-<EUROPEAN-AMERICAN-BA 10-19 0033  NEW YORK, Oct 19 - Net 13,185,000 vs 6,715,000 Nine mths Net 26.2 mln vs 15.3 mln NOTE: Company is owned by a consortium of European banks. Reuter  19-OCT-1987 14:37:31.72 acq usa F 
f2602reute r f BC-NORTHEAST-SAVINGS-<NS 10-19 0097  HARTFORD, Conn., Oct 19 - Northeast Savings F.A. said its board adopted a shareholder rights plan designed to protect the company from coercive takeover tactics and bids not fair to all sharholders. Under the plan, the board declared a dividend of one share purchase right for each of the Northeast common shares held of record as of November two, the company said. Initially, the rights are not exerciseable, rights certificates are not distributed, and the rights automatically trade with Northeast's shares, the company said. However, 20 days following the acquisition of 20 pct or more of Northeast's common shares shares or 20 days following the commencement of a tender offer for 30 pct or more of Northeast's shares, the rights will become exerciseable and separate rights certificates will be distributed, the company said. The rights will entitle holders of Northeast's common shares to purchase additional shares at an exercise price of 60 dlrs a share, the company said. The company said that in the event of certain triggering events described in the rights plan, holders of the rights, other than an acquiring person, will be entitled to acquire Northeast's common shares having a market value of twice the then-current exercise price of the rights. Also, in the event Northeast enters into certain business combination transactions, holders of the rights will be provided a right to acquire equity securities of the acquiring entity having a market value of twice the then-current exercise price of the rights, the company said. Northeast said it will be entitled to redeem the rights at one cent per right until the occurence of certain events. Reuter  19-OCT-1987 14:37:06.16 usa F 
f2598reute d f BC-U.S.-OIL-<USOC.O>-HAS 10-19 0093  NEW YORK, Oct 19 - United States Oil Co said Dr. V. di Guevara Suardo Fabbri was appointed president and chief exeuctive, effective October 31, replacing William Rueckert, who will resign on that date. Rueckert told Reuters he resigned to puruse other business activities. Last November, Fabbri bought a controlling interest in the company and has since brought in his own management. The company said that three new directors have been elected and that one present director resigned effective October 16. Reuter  19-OCT-1987 14:36:15.11 oilseedsoybean usaargentina C G 
f2594reute u f BC-U.S.-DRAFTS-SANCTIONS 10-19 0118  WASHINGTON, Oct 19 - The U.S. is drafting options including possible trade retaliation against Argentina in a dispute over the differential between soybean and product taxes which Buenos Aires levies on exports. The drafting of retaliation options follows the failure of high-level talks earlier this month to resolve a case filed by the U.S. National Soybean Processors Association, U.S. officials said. The NSPA charged that Argentina's differential export taxes implicitly subsidize soyproduct exports in competition with the U.S. "Our only option is some sort of retaliation to restrict (Argentine) access to our market," said one U.S. source. The U.S. shelved the NSPA case earlier this year after Trade Representative Clayton Yeutter said Argentina agreed to end the differential. But when Argentina announced export taxes for the 1987/88 year in July, the differential was narrowed only one pct. Deputy trade representative Michael Smith met Agriculture minister Ernesto Figuerras and Economy minister Juan Sourroille on September 29 and the Argentine officials said they could not narrow the differential further for 1987/88. As a result of the impasse, the U.S. is considering restrictions on imports of items such as Argentine corned beef and finished leather, the U.S. sources said. A decision on reprisals is likely to be made by the Reagan administration soon, they said. Reuter  19-OCT-1987 14:36:05.75 earn canada E 
f2593reute h f BC-KAUFEL-GROUP-LTD-(KFL 10-19 0048  MONTREAL, Oct 19 - Shr 17 cts vs 13 cts Net 2.1 mln vs 1.03 mln Revs 15.6 mln vs 12 mln Nine mths Shr 58 cts vs 37 cts Net 6.9 mln vs 3.7 mln Revs 56.2 mln vs 27.5 mln Avg shrs 11.9 mln vs 10.0 mln Reuter  19-OCT-1987 14:35:51.12 acq usa F 
f2591reute d f BC-NATIONAL-GUARDIAN-<NA 10-19 0106  NATIONAL GUARDIAN <NATG.O> ACQUIRES ALARM FIRM GREENWICH, Conn., National Guardian Corp said it acquired Pacific Fire Extinguisher Co, which specializes in installation of fire and burglar alarms. The operations acquired in the transaction have total revenues in excess of 2.3 mln dlrs, the company said. In a separate announcement, the company said it expects to record revenues of approximately 150 mln dlrs for 1987. For 1986, the company had revenues of 98.3 mln dlrs. National Guardian's revenues for the first six months of 1987 were approximately 72 mln dlrs, compared to about 42 mln dlrs the year-ago period. Reuter  19-OCT-1987 14:35:20.69 usa F 
f2590reute r f BC-REXON-<REXN.O>-TO-BUY 10-19 0071  CULVER CITY, Calif., Oct 19 - Rexon Inc said its board authorized management to buy back up to 15 mln dlrs worth of the company's common shares because the company believes that the stock is an attractive investment at this time. The stock would be used to offset the potentially dilutive effects of options exercises and of other shares which might be issued in the future, Rexon said. Reuter  19-OCT-1987 14:34:45.34 usa F 
f2587reute s f BC-MAGNA-GROUP-INC-<MAGI 10-19 0023  BELLEVILLE, Ill., Oct 19 - Qtly div 17 cts vs 17 cts prior Pay Dec 10 Record Nov 15 Reuter  19-OCT-1987 14:34:42.29 usa F 
f2586reute s f BC-WEIS-MARKETS-INC-<WMK 10-19 0022  SUNBURY, Pa., Oct 19 - Qtly div 11 cts vs 11 cts prior Pay Jan Six Record Dec 16 Reuter  19-OCT-1987 14:34:26.75 usa F 
f2583reute s f BC-EASTERN-UTILITIES-ASS 10-19 0024  BOSTON, Oct 19 - Qtly div 57-1/2 cts vs 57-1/2 cts prior Pay Nov 15 Record Oct 30 Reuter  19-OCT-1987 14:34:12.29 usa F 
f2580reute s f BC-ZURN-INDUSTRIES-INC-< 10-19 0022  ERIE, Pa., Oct 19 - Qtly div 17 cts vs 17 cts prior Pay Jan 15 Record Dec 11 Reuter  19-OCT-1987 14:34:09.03 usa F 
f2579reute s f BC-VWR-CORP-<VWRX.O>-SET 10-19 0020  CHICAGO, Oct 19 - Qtly div 20 cts vs 20 cts prior Pay Dec Four Record Nov 16 Reuter  19-OCT-1987 14:34:05.37 usa F 
f2578reute r f BC-COASTAL-<CGP>-TO-BUY 10-19 0092  HOUSTON, Oct 19 - Coastal Corp said it authorized the purchase of up to one mln shares of the company's common stock. Coastal said the purchases were authorized because it believes the current market price of the stock is substantially less than the underlying value of the shares. Coastal has 46.4 mln shares of common stock outstanding. The company said the repurchases would not affect the company's ability to pay down 300 mln dlrs in outstanding debt and preferred stock by year-end. Reuter  19-OCT-1987 14:30:56.94 usachina F 
f2562reute r f BC-SMITHKLINE-<SKB>-OPEN 10-19 0097  PHILADELPHIA, Oct 19 - SmithKline Beckman Corp said it opened an 8.5 mln dlr pharmaceutical manufacturing plant in Tianjin, China. The plant will make pharmaceutical products for the joint venture company, Tianjin Smith Kline and French Laboratories. SmithKline said the joint venture combines Smith Kline and French Laboratories, the pharmaceutical unit of SmithKline Beckman, the <Tianjin Medical Co>, and <Hebel Chemical Plant> in Tianjin. The plant has the capability to produce one billion tablets and 200 mln capsules a year. Reuter  19-OCT-1987 14:30:25.97 oilseedsoybeangrainwheatcorn C G 
f2559reute f f BC-export-inspections 10-19 0015  ******Blah blah blah.  19-OCT-1987 14:29:38.71 usa F 
f2556reute d f BC-TRAVELERS-REALTY-INCO 10-19 0053  BOSTON, Oct 19 - Qtly div 24 cts vs 28 cts in prior qtr Payable November 25 Record Oct 30 NOTE: Full name is Travelers Realty Income Investors. It said the lower dividend reflects the reduction in cash flow from a mortgage secured by a motel in Slicell, La. Reuter  19-OCT-1987 14:24:54.78 acq usa F 
f2547reute u f BC-CCR-VIDEO-<CCCR.O>-IN 10-19 0068  LOS ANGELES, Oct 19 - CCR Video Corp said it has received an offer to enter into negotiations for <Intercep Investment Corp> to acquire a controlling interest through a tender offer. The company said "The negotiations would determine the terms under which the CCR board of directors could support the INTERCEP tender offer." It gave no further details. Reuter  19-OCT-1987 14:23:59.06 usa F 
f2544reute s f BC-EARLE-M.-JORGENSEN-CO 10-19 0024  LOS ANGELES, OCT 19 - Shr 25 cts vs 25 cts prior qtr Pay November 13 Record October 30 Reuter  19-OCT-1987 14:23:40.69 earn usa F 
f2542reute u f BC-FIRST-BOSTON-INC-<FBC 10-19 0060  NEW YORK, Oct 19 - Shr primary 1.15 dlrs vs 76 cts Shr fully diluted 1.15 dlrs vs 76 cts Net 40.8 mln vs 27.1 mln Revs 369.6 mln vs 263.2 mln Nine mths Shr primary 2.95 dlrs vs 3.44 dlrs Shr fully diluted 2.95 dlrs vs 3.33 dlrs Net 103.8 mln vs 119.0 mln Revs 1.06 billion vs 897.8 mln Reuter  19-OCT-1987 14:22:43.28 bop italy RM 
f2537reute u f BC-ITALY-SHOWS-SEPTEMBER 10-19 0102  ROME, Oct 19 - Italy's overall balance of payments showed a 919 billion lire surplus in September against a deficit of 1,026 billion in August, provisional Bank of Italy figures showed. The September surplus compared with a shortfall of 1,697 billion lire in September 1986. For the first nine months of 1987, the overall balance of payments showed a deficit of 1,921 billion lire against a 1,725 billion deficit in the same 1986 period. The central bank said Italy's one billion dlr Eurobond launched last month contributed to September's surplus. REUTER  19-OCT-1987 14:22:30.03 acq usa F 
f2536reute r f BC-WILLIS-FABER-NOT-SELL 10-19 0095  LONDON, Oct 19 - <Willis Faber Plc> said its 20.8 pct holding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was not up for sale. The insurance broker issued a statement in reply to recent press speculation which it said was in part "inaccurate and undesirable." "Willis Faber has not received any offers for its stake in Morgan Grenfell," it said, adding that an offer would have to be considered on its merits. "Willis Faber's stake in Morgan Grenfell has been a very successful investment," it said. Reuter  19-OCT-1987 14:21:35.02 V RM 
f2530reute f f BC-DOW-DOWN-MORE-THAN-13 10-19 0015  ******Blah blah blah.  19-OCT-1987 14:21:13.90 uk C 
f2527reute d f BC-UK-SEEKS-WINDING-UP-O 10-19 0098  LONDON, Oct 19 - The U.K. Government said it would seek the compulsory winding up of James Tennant Commodities Ltd on grounds of public interest and that details would be heard in the High Court on November 18. A Department of Trade and Industry spokesman said that James Tennant was relatively small and that its activities had concentrated on allowing investors to participate in pooled trading schemes in commodity futures. No application had been made for the appointment of a provisional liquidator in the case, he added. Reuter  19-OCT-1987 14:20:07.78 earn usa F 
f2523reute h f BC-TRAVELERS-REALTY-INCO 10-19 0053  BOSTON, Oct 19 - Shr 22 cts vs 57 cts Net 504,808 vs 1,281,781 Revs 633,119 vs 1,396,703 Nine mths Shr 87 cts vs 1.32 dlrs Net 1,959,385 vs 2,986,379 Revs 2,342,322 vs 3,346,555 NOTE: Full name of trust is Travelers Realty Income Investors Reuter  19-OCT-1987 14:19:25.10 west-germanyusa adb-africa RM 
f2519reute r f BC-AFRICAN-DEVELOPMENT-B 10-19 0114  FRANKFURT, Oct 19 - The African Development Bank plans to raise about 200 mln dlrs via a U.S. Domestic bond this year, Milan Kerno, vice president of finance said at a presentation. He said the Bank planned to borrow about 700 mln dlrs in world capital markets in 1987 and roughly the same amount in 1988. Because of the weak condition of the euroyen market, plans for a bond in that sector, which would comprise part of the 700 mln dlrs, have been put on hold, Kerno said. "But we should complete our programme (this year), markets willing," Kerno said, adding the Bank's 1987 borrowing so far totaled about 400 mln dlrs. The Bank's board of directors will meet on October 26 to discuss plans to begin Bank trading in unspecified securities, with desks in Abidjan, Kerno said. Trading would be conducted along similar lines as existing World Bank and Asian Development Bank operations, he said. The Bank now has roughly 1.2 billion dlrs in available liquidity to serve as a basis for trading, although not all of this will be traded at the start. The Bank plans to use the funds gradually over the next three or four years, he said. To facilitate lending increases the Bank tripled paid-in capital to about 18 billion dlrs from six billion in June. German bankers at the presentation criticized the Bank for its overly conservative lending, adding the Bank would do better to invest more capital in loans. Total net equity capital, consisting of subscribed capital and reserves, rose to 1,282 pct of its funded debt in 1986 from 552 pct in 1985, the Bank's statistics showed. Other Bank figures from 1986 showed the Interamerican Development Bank's net equity totaled 302 pct of funded debt, and the Asian Development Bank's 295 pct. Reuter  19-OCT-1987 14:19:14.80 france balladur F 
f2518reute r f BC-BALLADUR-SAYS-MARKET 10-19 0116  PARIS, Oct 19 - French finance minister Edouard Balladur said the agenda of state privatisations may not be done at full speed if market conditions prove unsuitable. "I'm not going to privatise at full speed if market conditions do not permit. That would be absurd," he told journalists. "What we're going to do is adapt our program very closely to the evolution of our stock markets." French stock prices fell more than 10 pct on Monday, a 6-1/2 year record, as concern deepened that interest rates worldwide would surge and choke off fragile economic growth, dealers said. Stock of several privatised firms fell below their issue price. Reuter  19-OCT-1987 14:18:56.96 earn usa F 
f2517reute r f BC-SOCIETY-FOR-SAVINGS-B 10-19 0072  HARTFORD, Conn., Oct 19 - Shr 75 cts vs 55 cts Net 8,031,000 vs 5,819,000 Nine mths Shr 2.16 dlrs vs 1.42 dlrs Net 23.2 mln vs 15.1 mln Assets 3.41 billion vs 2.84 billion Deposits 2.54 billion vs 2.19 billion NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine cts per share, from utilization of prior year's net operating loss carryforwards. NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or one cent per share, from unspecified extraordinary item. 1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22 cts per share, and 6,393,000 dlrs, or 60 cts per share, respectively, from utilization of net operating loss carryforwards. full name of company is society for savings bancorp inc. Reuter  19-OCT-1987 14:18:01.72 usa F A 
f2514reute r f BC-NOMURA-SAYS-IT-SEEKS 10-19 0103  NEW YORK, Oct 19 - Nomura Securities Co Ltd is seeking a possible business relationship with Kidder Peabody and Co Inc, said Setsuya Tabuchi, the chairman of the board of Nomura. Tabuchi told an investment conference "at present the company's staff (of Nomura) has been studying the possiblity of a joint buiness," he said. Tabuchi said he has not been informed how far the study has progressed. He declined to elaborate further. Kidder Peabody is a wholly-owned subsidiary of General Electric <GE>. Kidder officials were not immediately available for comment. Reuter  19-OCT-1987 14:17:09.80 earn usa F 
f2512reute h f BC-PROGRESSIVE-BANK-INC 10-19 0033  PAWLING, N.Y., Oct 19 - Shr 88 cts vs 73 cts Net 2,580,000 vs 2,147,000 Nine mths Shr 2.48 dlrs vs 2.33 dlrs Net 7,266,000 vs 5,948,000 Reuter  19-OCT-1987 14:16:21.69 earn usa F 
f2510reute d f BC-WASHINGTON-WATER-POWE 10-19 0052  SPOKANE, Wash., Oct 19 - Shr loss 12 cts vs profit two cts Net loss 2,669,000 vs profit 528,000 Revs 79.8 mln vs 74.9 mln Nine mths Shr profit 64 cts vs profit 1.63 dlrs Net profit 14.3 mln vs profit 35.7 mln Revs 280.0 mln vs 288.8 mln Reuter  19-OCT-1987 14:14:45.70 usa reaganverity V RM 
f2505reute b f BC-MARKET-FALL-DISCUSSED 10-19 0114  WASHINGTON, Oct 19 - President Reagan and his advisers discussed the stock market fall at a previously scheduled "issues lunch" at the White House, officials said. There was no formal comment on the market slide, but an official suggested that a comment might be forthcoming after the market closed. Reagan made no mention of the stock market when he gave a glowing account of recent economic performance at the swearing in of C. William Verity as Commerce Secretary. He said this month would set a record for the longest peacetime expansion on record and added that leading indicators had sent a message of "steady as she goes." Reuter  19-OCT-1987 14:13:40.56 usa F 
f2502reute h f BC-BANKING-CENTER-<TBCX. 10-19 0034  WATERBURY, Conn., Oct 19 - Banking Center said its board declared an initial quarterly dividend of 20 cts per share, payable December 11, record October 30. Reuter  19-OCT-1987 14:13:32.25 earn usa F 
f2501reute u f BC-/BELLSOUTH-CORP-<BLS> 10-19 0063  ATLANTA, Oct 19 - Shr 87 cts vs 84 cts Net 418.6 mln vs 399.2 mln Revs 3.12 billion vs 2.89 billion Nine mths Shr 2.61 dlrs vs 2.62 dlrs Net 1.25 billion vs 1.23 billion Revs 9.10 billion vs 8.62 billion Avg shrs 481.4 mln vs 473.6 mln NOTE: Share adjusted for three-for-two stock split in February 1987. Reuter  19-OCT-1987 14:13:23.77 usa F 
f2500reute d f BC-DIGITAL-COMMUNICATION 10-19 0110  REMOTE, Ore., Oct 19 - Digital Communications Associates Inc said it unveiled two new products that allow personal computers not directly attached to a mainframe computer to communicate with the host computer. The IRMAremote for Hayes AutoSync, which will cost 395 dlrs, is a software product that allows International Business Machines Corp <IBM> personal computers to communicate with host computers via dial-up telephone lines. The IRMAremote X.25, costing 1,795 dlrs, uses hardware and software and allows personal computers to communicate with host computers via X.25 packet switching network. Reuter  19-OCT-1987 14:12:40.83 RM V 
f2496reute f f BC-DOW-JONES-INDUS 10-19 0014  ******Blah blah blah.  19-OCT-1987 14:12:05.24 earn usa F 
f2493reute r f BC-RTE-CORP-<RTE>-3RD-QT 10-19 0080  BROOKFILED, Wis., Oct 19 - Shr profit 55 cts vs loss 12 cts Net profit 3,998,000 vs loss 915,000 Sales 93.8 mln vs 80.9 mln Nine mths Shr profit 1.71 dlrs vs profit 95 cts Net profit 12,641,000 vs profit 7,282,000 Sales 260.9 mln vs 249 mln Note: 1986 figures include a five mln dlr or 65 cts a share charge for electronics restructuring and 1.7 mln dlr charge from early retirement of 12 mln dlrs in long-term notes Reuter  19-OCT-1987 14:11:01.74 earn usa F 
f2487reute u f BC-COMERICA-INC-<CMCA.O> 10-19 0052  DETROIT, Oct 19 - Shr 2.17 dlrs vs 1.42 dlrs Net 24,907,000 vs 16,117,000 Nine mths Shr 4.05 dlrs vs 3.75 dlrs Net 47,105,000 vs 42,874,000 Assets 9.66 billion vs 9.25 billion Deposits 8.06 billion vs 7.80 billion Loans 842.5 mln vs 711.1 mln Reuter  19-OCT-1987 14:10:06.52 earn usa F 
f2482reute r f BC-ST.-JOSEPH-LIGHT-<SAJ 10-19 0067  ST. JOSEPH, MO., Oct 19 - Shr 84 cts vs 86 cts Net 3,893,000 vs 4,054,000 Revs 21.0 mln vs 21.2 mln Nine Mths Shr 1.88 dlrs vs 1.87 dlrs Net 8,707,000 vs 8,848,000 Revs 57.9 mln vs 59.1 mln NOTE: 1986 per share adjusted for three for two stock split effective June 1, 1987. St. Joseph Light and Power Co is full name of company. Reuter  19-OCT-1987 14:09:34.41 yugoslavia RM 
f2479reute r f BC-YUGOSLAVIA-DEBT-PAYME 10-19 0109  BELGRADE, Oct 19 - Yugoslav Prime Minister Branko Mikulic, unveiling a new draft economic program, said Yugoslavia would cut repayments on its almost 20 billion lr hard currency debt to bring them in line with its hard currency earning capacity. "We have decided to coordinate repayment of our debt with realistically assessed capabilities of our economy," he said in Parliament. He said the current debt-service ratio (over 40 pct of export revenue) was too high. Yugoslavia is to negotiate a long-term restructuring of its debt after missing repayments in recent months, Mikulic said. "If we did not change the dynamics of repaying our debt, the situation would become increasingly worse," Mikulic said. He said on the present repayment schedule, Yugoslavia would have a net outflow of two billion dlrs and the level of debt would be halved by 1995. But he added: "The consequences would not only mean slower economic growth in the coming years but also further exhaustion of the economy and lasting damage to the economy's capacity for development," he said. "All that would, of course, intensify social difficulties," Mikulic added. The state news agency Tanjug said on October 9 that Yugoslavia plans to adjust debt repayments over the next eight years and to cut the debt-service ratio to 25 pct. Yugoslavia failed to make a principal repayment due last month which had already been postponed by 90 days. Mikulic's proposed economic program, which also includes higher personal taxes as well as wage and price restraint, is intended to serve as a basis for the debt talks to demonstrate Yugoslavia's ability to eventually repay the credits. His program has to be discussed and approved by parliament by early November. Mikulic said foreign debt should be retained at about the same level as now until 1990 and the country should then be able to keep currency reserves equal to three months payments. "Of course, these are our proposals for talks with creditors. We expect understanding and support because it is in their interest as well," Mikulic said. He said that under the present schedule debt payments had slowed economic development and exhausted currency reserves. Banking sources say Yugoslavia's reserves are inadequate at present for even one month's debt and import bill. REUTER  19-OCT-1987 14:07:42.37 usa nyse F 
f2468reute b f BC-NYSE-SAYS-IT-IS-CONFI 10-19 0089  NEW YORK, Oct 19 - The New York Stock Exchange said it is confident that its computer systems can handle the pace of trading volume today. "We are confident that whatever volume we have this afternoon, we can handle it," said Richard Torrenzano, a vice president at the NYSE. With two hours of trading left, a record 422 mln shares have traded hands, far outpacing the volume on the market's busiet days. The previous busiest day was last Friday, when 338 mln shares traded. "Our systems have been tested and they can handle heavy volume effectiviy and efficiently," Torrenzano said. He said the Exchange has been in constant contact with the Securities and Exchange Commission concerning today's record breaking decline and heavy volume. He declined to comment on the context of those discussions. Earlier today, SEC chairman David Ruder said a brief trading halt has been discussed as one way of restoring order to the market, but stressed he is not recommending one at this time. He did not say if the option was discussed with the NYSE. Reuter  19-OCT-1987 14:07:19.58 earn usa F 
f2466reute u f BC-/TRW-INC-<TRW>-3RD-QT 10-19 0030  CLEVELAND, Oct 19 - Shr 1.04 dlrs vs 67 cts Shr diluted 1.01 dlrs vs 66 cts Net 63.2 mln vs 40.5 mln Sales 1.70 billion vs 1.43 billion Nine mths Shr 2.91 dlrs vs 2.88 dlrs Shr diluted 2.85 dlrs vs 2.82 dlrs Net 176.5 mln vs 172.7 mln Sales 5.08 billion vs 4.49 billion Avg shrs 60.3 mln vs 59.6 mln Avg shrs diluted 62.0 mln vs 61.3 mln Reuter  19-OCT-1987 14:06:31.80 usa F 
f2462reute d f BC-INVESTOR-SUES-FIRST-N 10-19 0106  MINNEAPOLIS, Oct 19 - Investor Donald Knutson said he filed a suit against First Northern Savings and Loan Association of Green Bay, stating his request of management for access to First Northern's stockholder lists had been denied. Knutson owns about 9.9 pct of First Northern's outstanding stock. He said in his complaint he intends to use the list to cause a special meeting of First Northern's shareholders to be convened to discuss his concerns over the lack of liquidity in the trading market for the stock of First Northern and methods of increasing the value of the shares. Reuter  19-OCT-1987 14:05:45.42 usa reagan F 
f2458reute d f BC-SENATE-BOSS-ASKS-REAG 10-19 0079  WASHINGTON, Oct 19 - Senate Democratic leader Robert Byrd, pointing to panic selling on Wall Street, urged President Reagan to join Congress in fighting trade and budget deficits. "It is time the administration put policies ahead of politics," Byrd said. Byrd said the president needs "to begin working with Congress to reduce the double deficits in trade and the budget that cause such a cloud on this nation's future." Reuter  19-OCT-1987 14:05:35.16 austria RM 
f2457reute r f BC-AUSTRIAN-GUARANTEE-WA 10-19 0109  VIENNA, Oct 19 - Head of the Chamber of Commerce's Money and Credit section, Hellmuth Klauhs, said the government should guarantee any company debts arising from the planned restructuring of the public sector. Klauhs said that there was no doubt that the government would meet its obligations. "But the owner should say this clearly once again," he added. Klauhs said 35 billion of 61 billion schillings owed by firms under the state holding <Oesterreichische Industrieholding AG> (OIAG) currently had no formal state guarantee. Nine of the 35 billion schillings were owed to foreign banks. Klauhs, also managing director of <Genossenschaftliche Zentralbank AG>, said banking industry officials would discuss the issue with finance minister Ferdinand Lacina next month. Lacina said last week a special guarantee would be unnecessary, as state industry had the financial power and enough liquidity to pay its debts. The government has said the latest injection of state funds into OIAG to cover losses will be the last. Under a restructuring plan, OIAG is to create five new holding companies divided by sector. REUTER  19-OCT-1987 14:04:57.79 amex F 
f2456reute b f BC-AMEX-SAYS-IT-SURPASSE 10-19 0015  ******Blah blah blah.  19-OCT-1987 14:04:55.20 money-fx france balladur A 
f2455reute r f BC-BALLADUR-URGES-G-7-TO 10-19 0095  PARIS, Oct 19 - French Finance Minister Edouard Balladur said the Group of Seven (G-7) industrial countries should respect pledges on monetary policy made in the February Louvre accord on currency stability. "We have to strengthen the cooperation between the seven major industrial countries and remind ourselves of the pledges we made at the Louvre," he told journalists. "They were not simply pledges to maintain currency stability, but also to conduct a certain type of economic and monetary policy," he added. Reuter  19-OCT-1987 14:04:26.45 grain ussr C G 
f2453reute u f BC-SOVIET-1988-GRAIN-TAR 10-19 0144  WASHINGTON, Oct 19 - Recent announcements from Moscow of next year's grain production targets indicate that the Soviets are estimating this year's grain crop at 205 to 213 mln tonnes, Agriculture Department analysts said. USDA is projecting the Soviet crop at 210 mln tonnes, but some earlier estimates from Soviet officials were that the 1987 grain crop could match the 1978 record of 237 mln tonnes. Moscow outlined its economic targets for 1988 on Monday, putting the grain harvest goal at 235 mln tonnes. An analyst of Soviet agriculture at USDA noted that a recent article in Izvestia said Soviet grain production in 1988 is planned to be "25 to 30 mln tonnes more than expected this year." "This indicates that their own estimate is for a 205 to 213 mln tonne (grain) crop," the analyst said. In calculating Moscow's crop estimate, USDA used the 235 mln tonne production goal, as well as a 238 mln tonne figure published in a Soviet economic journal this month. USDA's production estimate of 210 mln tonnes reflects a range of 207 to 212 mln tonnes, a USDA source said. Late season rains damaged Soviet crops, slowed harvest progress and lowered Soviet production, analysts said. While in the U.S. earlier this month, Soviet agriculture official Viktor Nikonov predicted that the grain crop would be as good or better than last year's 210 mln tonne harvest. A member of Nikonov's party commented that although 230 mln tonnes of grain were in the fields, harvest problems would bring the final crop down to around 210 mln tonnes. Reuter  19-OCT-1987 14:04:15.98 interest E RM 
f2452reute f f BC-CANADA-750-MLN-DLR-T- 10-19 0013  *****Blah blah blah.  19-OCT-1987 14:03:17.43 F 
f2447reute f f BC-BELLSOUTH-CORP 10-19 0008  ******Blah blah blah.  19-OCT-1987 14:02:19.97 usaindonesia F 
f2445reute d f BC-<GLOBAL-MOTORS>-TO-MA 10-19 0094  UPPER SADDLE RIVER, N.J., Oct 19 - Global Motors Inc said it has agreed to become become the exclusive North American importer of the Lincan Gama, a four-wheel-drive sport vehicle manufactured by <P.T. Indauda> of Indonesia. In a letter of intent it signed with P.T. Indauda, Global said it expects to begin marketing the first Lincan Gamas in mid-1989, with 20,000 units projected to be marketed in the first year. Global is the parent company of Yugo America Inc, importer of the Yugoslavian Yugo vehicle. Reuter  19-OCT-1987 14:01:51.54 F 
f2443reute f f BC-FIRST-BOSTON-IN 10-19 0009  ******Blah blah blah.  19-OCT-1987 14:00:30.12 money-fx usawest-germany amex V RM 
f2437reute b f BC-/FED'S-JOHNSON-SAYS-L 10-19 0090  WASHINGTON, Oct 19 - Federal Reserve Board Vice Chairman Manuel Johnson said the Louvre Accord is still healthy, but said the United States and West Germany must work out differences over their respective roles in fulfilling the accord. "The Louvre Accord has worked very well in terms of stabilizing exchange rates," he said in response to a question during an American Stock Exchange conference here. He said exchange rates have been stable so far in 1987 as a result of the accord. Reuter  19-OCT-1987 14:00:00.43 acq usa F 
f2436reute u f BC-M.A.-HANNA-CO-<HNM>-T 10-19 0093  CLEVELAND, Oct 19 - M.A. Hanna Co said it has reached definitive agreement to purchase PMS Consolidated, a privately owned manufacturer of colorants for the plastics industry. M.A. Hanna said the purchase, which is subject to certain conditions, is scheduled to close around the end of October. Hanna announced last August that it was in negotiaitons to purchase the company. Headquartered in Somerset, N.J., PMS reported over 70 mln dlrs in revenues in its last fiscal year, which ended May 1987. Reuter  19-OCT-1987 13:59:50.85 cpi usa V RM 
f2435reute b f BC-/FED'S-JOHNSON-SEES-E 10-19 0103  WASHINGTON, Oct 19 - Federal Reserve Board Vice-Chairman Manuel Johnson said the inflationary expectations in the financial markets have eased since the Fed's last half-point increase in its discount rate to 6.0 pct. "We have seen the kind of expectational forces develop I think that we've been satisfied with since our last discount rate move," Johnson said. Fed Chairman Alan Greenspan has said the most recent discount rate increase on September 4 was largely aimed at quelling inflationary fears in financial markets which he said were largely unfounded. Reuter  19-OCT-1987 13:58:27.47 crude ukusairankuwaitsaudi-arabia opec RM Y 
f2430reute u f BC-AMPLE-SUPPLIES-LIMIT 10-19 0108  By Ian Jones LONDON, Oct 19 - Ample supplies of OPEC crude weighing on world markets helped limit and then reverse oil price gains that followed the U.S. Strike on an Iranian oil platform in the Gulf earlier on Monday, analysts said. December loading rose to 19.65 dlrs, up 45 cents before falling to around 19.05/15 later, unchanged from last Friday. "Fundamentals are awful," said Philip Lambert, analyst with stockbrokers Kleinwort Grieveson, adding that total OPEC production in the first week of October could be above 18.5 mln bpd, little changed from September levels. Peter Nicol, analyst at Chase Manhattan Bank, said OPEC production could be about 18.5-19.0 mln in October. Reuter and International Energy Agency (IEA) estimates put OPEC September production at 18.5 mln bpd. The U.S. Attack was in retaliation of last Friday's hit of a Kuwaiti oil products tanker flying the U.S. Flag, the Sea Isle City. It was struck by a missile, believed to be Iranian, in Kuwaiti waters, and was the first hit on a U.S. Flag commercial vessel in the seven year Iran/Iraq war. The U.S. Owned Liberian flag tanker Sungari was hit in the area on Thursday, also believed struck by an Iranian missile. Refiners were not significant purchasers of physical oil on Monday as a result increased Gulf tension following the U.S. Attack, analysts said. They said a closure of the Strait of Hormuz, through which around eight mln bpd passes, isnlikely because it is not in the interests of the U.S. Or Iran, they said. Any threat to oil supplies would stem from an increase in the number of tanker attacks as part of a widening of Gulf hostilities, analysts said. But they saw the U.S. Strike as a limited reply to Iranian missile attacks, with some describing it as responsible. Geoffrey Pyne, analyst at stockbrokers Phillips and Drew, said he was impressed by the sensible U.S. Response. "The U.S. Has thought carefully about what would correspond to Iranian agression. They have proved to the Iranians that any further action will be met with a like-for-like response. Today's action by the U.S. Was not escalatory," Pyne said. Kleinwort Grieveson's Lambert said the U.S. Strike was "a responsible retaliation," with the U.S. Apparently indicating to Iran that it could increase the severity of its attacksf Iran chose to raise the level of conflict. Chase Manhattan's Nicol took a different view, however. He said he was unable to see what the U.S. Had achieved as Arab states such as Kuwait and Saudi Arabia, whose interests the U.S. Is supposedly defending, will feel less secure as a result of the U.S. Attack and fear some sort of Iranian retaliation. The initial upward market move this morning reflected a strong speculative reaction to rumours of a U.S. Attack which was thought at one stage to have been against Iranian missile launchers on the Faw Peninsula, close to Kuwait, analysts said. The later downtrend followed confirmation of a U.S. Navy attack on an Iranian oil platform by the U.S. Defence Secretary Caspar Weinburger. Market operators were able to evaluate the situation in the Gulf on the basis of confirmed fact, and finding it less serious than first thought, took profits, taking prices lower, analysts and traders said. REUTER  19-OCT-1987 13:58:00.17 earn usa F 
f2429reute a f BC-<TOTAL-RESEARCH-CORP> 10-19 0033  PRINCETON, N.J., Oct 19 - June 30 end Shr 0.3 ct vs four cts Net 18,463 vs 174,486 Revs 5,074,686 vs 4,181,978 Avg shrs 5,624,041 vs 4,860,000 Reuter  19-OCT-1987 13:56:40.48 acq usa F 
f2424reute a f BC-COMMUNICATIONS-AND-CA 10-19 0052  WEST PALM BEACH, Fla., Oct 19 - Communications and Cable Inc said it acquired about 21 pct of the outstanding shares of Imnet Corp, a privately owned company that designs, makes and services proprietary image storage and retrieval systems. Terms were not disclosed. Reuter  19-OCT-1987 13:56:34.72 acq usaecuador F 
f2423reute h f BC-BALTEK-<BTEK.O>-BUYS 10-19 0049  NORTHVALE, N.J., Oct 19 - Baltek Corp said it has acquired a shrimp packing plant in Ecuador for undisclosed terms. The company said the acquisition will result in a tripling of its Ecuadorian shrimp sales to about three mln pounds annually by 1988. Reuter  19-OCT-1987 13:56:30.44 earn usa F 
f2422reute h f BC-GENDEX-CORP-<XRAY.O> 10-19 0065  MILWAUKEE, WIS., Oct 19 - Shr nine cts vs six cts Net 242,000 vs 135,000 Sales 4,003,000 vs 2,968,000 Six Mths Shr 17 cts vs 14 cts Net 414,000 vs 297,000 Sales 7,54,000 vs 5,912,000 Avg shrs 2.4 mln vs 2.1 mln NOTE: 1986 net includes tax credits equal to one cent in the quarter and two cts in the six months. Reuter  19-OCT-1987 13:56:25.21 earn usa F 
f2421reute d f BC-BEN-AND-JERRY'S-HOMEM 10-19 0043  WATERBURY, Vt., Oct 19 - Shr 42 cts vs 32 cts Net 1,076,572 vs 826,939 Sales 20.5 mln vs 12.5 mln NOTE: Company released results in connection with filing for Class A common stock offering. Reuter  19-OCT-1987 13:56:20.35 usa F 
f2420reute d f BC-ENSECO-<NCCO.O>-GETS 10-19 0048  CAMBRIDGE, Mass, Oct 19 - Enseco Inc said it has received 4,600,000 dlrs in contract from the U.S. Environmental Protection Agency to test samples in support of the Superfund program over a 30-month period and to perform special analytical services. Reuter  19-OCT-1987 13:56:06.59 money-fx franceusa james-bakerballadur RM 
f2418reute b f BC-BALLADUR-URGES-G-7-TO 10-19 0095  PARIS, Oct 19 - French Finance Minister Edouard Balladur said the Group of Seven (G-7) industrial countries should respect pledges on monetary policy made in the February Louvre accord on currency stability. "We have to strengthen the cooperation between the seven major industrial countries and remind ourselves of the pledges we made at the Louvre," he told journalists. "They were not simply pledges to maintain currency stability, but also to conduct a certain type of economic and monetary policy," he added. Balladur's comments came after U.S. Treasury Secretary James Baker said on Sunday that the U.S. Would have to re-examine the Louvre accords in the light of the rise in West German short-term interest rates. Balladur was one of the main architects of the Louvre accord and has invested considerable political capital in defending them. REUTER  19-OCT-1987 13:55:59.05 F 
f2417reute f f BC-TRW-INC-3RD-QTR 10-19 0007  ******Blah blah blah.  19-OCT-1987 13:55:41.10 acq usa F 
f2414reute d f BC-BANCTEXAS-<BTX>-TO-SE 10-19 0075  DALLAS, Oct 19 - BancTEXAS Group Inc said it has signed a definitive agreement to sell its BancTEXAS Sulphur Springs affiliate to a group of local investors led by Gene Watson for a cash amount equal to book value at the time of the sale, subject to regulatory approvals. The unit had assets of 18.2 mln dlrs as of September 30. BancTEXAS said it plans to concentrate on its primary market, the Dallas area. Reuter  19-OCT-1987 13:55:11.18 usa F 
f2410reute r f BC-TRW-<TRW>-UNIT-GETS-3 10-19 0108  FAIRFAX, Va, Oct 19 - TRW Inc's Federal Systems Group said it received 36.7 mln dlrs in U.S. Navy contracts to begin a system upgrade of its anti-submarine warfare operations center for the Space and Naval Warfare Systems command. The award is the start of a seven-year full-scale engineering development effort with a potential value of 90 mln dlrs, the company said. In subsequent phases, TRW said it will deliver, install, test and support the new system at five Navy sites. The anti-submarine warfare operations center interacts with multiple aircraft, command centers and support systems. Reuter  19-OCT-1987 13:54:58.02 earn usa F 
f2408reute u f BC-TALMAN-HOME-FEDERAL-< 10-19 0059  CHICAGO, Oct 19 - Oper shr 17 cts vs not available Oper net 1,619,000 vs 6,354,000 Nine Mths Oper shr 80 cts vs not available Oper net 7,675,000 vs 22,669,000 Assets 6.06 billion vs 5.74 billion Loans 3.11 billion vs 3.33 billion Deposits 4.57 billion vs 4.83 billion NOTE: 1987 operating net excludes tax credits of 3.9 mln dlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85 cts in the nine months period. 1986 nine months operating net excludes prepayment penalties on early retirement of loans of 736,000 dlrs. Talman Home Federal Savings and Loan Association, Chicago is full name of company. Reuter  19-OCT-1987 13:54:35.22 acq usa F 
f2405reute d f BC-ALLWASTE-<ALWS.O>-TO 10-19 0070  HOUSTON, Oct 19 - Allwaste Inc said it entered into an agreement in principle to buy Tank Cleaning Co, a privately-held company that cleans tank trailers, in exchange for about 1.3 mln shares or Allwaste common. Allwaste said that Tank Cleaning earned about one mln dlrs before taxes last year and had about 1.5 mln dlrs in pre-tax income for the nine months ended September 30. Reuter  19-OCT-1987 13:54:15.71 usa F E 
f2402reute r f BC-GEAC-COMPUTER-<GAC.TO 10-19 0042  TORONTO, Oct 19 - Geac Computer Corp Ltd said the Supreme Court of Ontario has signed an order approving the company's proposal for repayment of its creditors and releasing the company from receivership. Reuter  19-OCT-1987 13:54:01.66 usa F 
f2400reute u f BC-CATERPILLAR-<CAT>-SEE 10-19 0119  PEORIA, Ill, Oct 19 - Caterpillar Inc said it expects 1987 full year sales and profits to be "substantially better" than 1986 results, following improved third-quarter performance. Third-quarter earnings of the heavy machinery manufacturer increased to 146 mln dlrs, or 1.47 dlrs a share, from net loss of 26 mln dlrs, or 26 cts, in the 1986 quarter. Sales rose to 2.25 billion dlrs from 1.82 billion dlrs last year. A weaker U.S. dollar strengthened Caterpillar's position against foreign manufacturers and permitted price increases and boosted sales, while a cost-cutting program lowered costs significantly, the company said of third-quarter results. Continuation of the cost-reduction program, which is to pare costs by 15 to 20 pct from 1986 to 1990, and a further anticipated improvement in its price competitiveness are expected to contribute to higher full year 1987 profits, Caterpillar said. In 1986, the company earned 76 mln dlrs or 77 cents a share. Reuter  19-OCT-1987 13:53:34.46 earn usa F 
f2398reute r f BC-NORTHEAST-SAVINGS-F.A 10-19 0075  HARTFORD, Conn., Oct 19 - Shr loss 1.39 dlrs vs profit 1.20 dlrs Net loss 5,306,000 vs profit 7,246,000 Six mths Shr loss 18 cts profit 2.23 dlrs Net profit 3,259,000 vs profit 14.2 mln Assets 6.79 billion vs 5.42 billion Deposits 3.99 billion vs 3.38 billion Loans 4.92 billion vs 4.53 billion NOTE: 1987 six mths per share includes preferred stock dividend payments. Reuter  19-OCT-1987 13:53:18.35 usa F 
f2396reute r f BC-LSI-LOGIC-<LLSI.O>-DE 10-19 0109  SANTA CLARA, Calif., Oct 19 - LSI Logic Corp said it has developed a semi-custom microchip that is twice as dense as the most complex chip now available. The new microchip, LCA 100K Compacted Array Plus, has 100,000 usable gate arrays, or the equivalent of 400,000 transistors for designing custom chips, the company said. Production of the new chip will begin in about 15 months, said LSI Chairman Wilfred Corrigan. The microchip can be used in products including computers, telecommunications and military equipment, allowing them to operate faster with improved reliability, the company said. "This technology will pave the way for new uses in artificial intelligence, speech recognition and speech synthesis, as well as digital signal processing and image processing," Corrigan said. He also predicted the microchip will add about five pct to the company's revenues next year. Analyst Millard Phelps of Hambrecht and Quist Inc said he expects LSI to finish its 1987 fiscal year with per share earnings of 24 cts, on sales of 252 mln dlrs. He put 1988 earnings at 60 cts per share on 330 mln dlrs in sales. In the nine months ended Sept 27, LSI had earnings of 14 cts per share, or 5,560,000 dlrs, on 183.9 mln dlrs in sales. Reuter  19-OCT-1987 13:53:07.87 earn usa F 
f2395reute r f BC-MARINE-CORP-<MCOR.O> 10-19 0032  SPRINGFIELD, Ill., Oct. 19 - Shr 30 cts vs 30 cts Net 1,804,000 vs 1,800,000 Nine mths Shr 89 cts vs 79 cts Net 5,334,000 vs 4,496,000 Reuter  19-OCT-1987 13:52:56.47 crudeship cyprusiranusakuwait Y 
f2393reute u f BC-IRAN-VOWS-REPRISAL-FO 10-19 0093  NICOSIA, Oct 19 - Iran said several people were injured in Monday's U.S. Attack on an Iranian offshore oil site and vowed retaliation, Tehran radio reported. It quoted President Ali Khamenei as saying, "We will definitely retaliate and will not leave this American move unanswered." A broadcast monitored in Nicosia said several civilian personnel on the Rashadat oil platforms in the Gulf east of Qatar were injured when U.S. Warships bombarded them this afternoon. It described damage as "severe." Washington said four American frigates shelled and destroyed two Iranian platforms at the Rashadat (formerly Rostam) field at 1100 GMT on Monday in response to Friday's missile attack on a U.S.-flag ship in Kuwaiti waters. The U.S. Said Iranians used the platforms for military pruposes and had fired on an American helicopter from the rigs earlier this month. Khamenei denied that the platforms had military gear or personnel and said the U.S. Attack lacked miltary value. "With this move Mr. Reagan has committed a big mistake and has definitely increased his problems... REUTER  19-OCT-1987 13:52:49.97 usa A RM 
f2392reute r f BC-BELL-ATLANTIC-<BEL>-U 10-19 0098  NEW YORK, Oct 19 - Chesapeake and Potomac Telephone Co of Maryland, a unit of Bell Atlantic Corp, is raising 100 mln dlrs via an offering of notes due 1992 with a 10-1/4 pct coupon and par pricing, said lead underwriter Morgan Stanley. That is 46 basis points more than the yield of comparable Treasury securities. Non-callable for life, the issue is rated Aa-3 by Moody's Investors Service and AA-minus by Standard and Poor's. Late last week, Moody's and S and P downgraded the telephone company's debt ratings, underwriters noted. Reuter  19-OCT-1987 13:51:55.05 money-fx V RM 
f2384reute f f BC-FED'S-JOHNSON-S 10-19 0013  ******Blah blah blah.  19-OCT-1987 13:51:30.39 grainveg-oil usa V 
f2379reute u f BC-U.S-SENATE-PANEL-VOTE 10-19 0102  WASHINGTON, Oct 19 - The Senate Agriculture committee voted to limit changes in county loan rate differentials starting with the 1988 crop as part of a budget deficit reduction package. The panel also approved measures that could trigger larger corn and wheat acreage reduction requirements, increase farmer-held reserve storage payments, reduce a potential milk support price cut, and require advance deficiency payments for producers of major crops. A proposal to require imported tropical oils be labeled on U.S. food products failed by a 10-8 vote. Reuter  19-OCT-1987 13:51:21.71 usa F 
f2378reute u f BC-NABET-SAYS-MOST-UNITS 10-19 0112  NEW YORK, Oct 19 - A spokesman for the National Association of Broadcast Employees and Technicians said it is studying its next moves in its strike against the National Broadcasting Co after 12 of its units voted to accept a contract proposal and two small units voted to reject. The spokesman said the union will make a further announcement later today after union leaders had a chance to confer. The only units voting to reject were a Chicago couriers group and a Los Angeles plant maintenance group. The spokesman said the two units represented 37 votes out of approximately 2800. NBC is a unit of General Electric Co <GE>. Reuter  19-OCT-1987 13:50:14.58 nyse F 
f2372reute f f BC-NEW-YORK-STOCK 10-19 0016  ******Blah blah blah.  19-OCT-1987 13:49:19.94 usa F 
f2367reute r f BC-ANALOG-DEVICES-<ADI> 10-19 0046  NORWOOD, Mass, Oct 19 - Analog Devices Inc said it may repurchase up to one mln of its 46 mln common shares outstanding on the open market over the next several months for use in its employee stock purchase and stock option plans. Reuter  19-OCT-1987 13:49:15.03 usa F 
f2366reute r f BC-TACO-VIVA-<TVIV.O>-NA 10-19 0092  POMPANO BEACH, Fla., Oct 19 - Taco Viva Inc said it named Donald Ryan as president and chief operating officer of the company. He assumes the president's slot formerly held by J. Brion Foulke III, who retains his positions as chairman and chief executive officer, the company said. Ryan most recenty served as president of <Interim Restaurant Management Inc>, a firm specializing in rejuvenating operations of ailing restaurant chains. Ryan will join Taco Viva in early November, the company said. Reuter  19-OCT-1987 13:47:55.19 money-fxdlr usa V RM 
f2358reute b f BC-/FED'S-JOHNSON-WARNS 10-19 0092  WASHINGTON, Oct 19 - Federal Reserve Board Vice-Chairman Manuel Johnson cautioned against seeking "quick-fix solutions" to persistent U.S. trade and federal budget deficits. In particular, he told an American Stock Exchange conference, a decline in the dollar below current levels would exacerbate financial market conditions. "Trying to artificially depress the dollar severely below current levels ... would exacerbate financial market conditions and lead to further potential for financial problems." Nowhere, Johnson said, are Fed officials hearing that U.S. businesses cannot compete at current exchange rates. He acknowledged the U.S. trade deficit was persisting despite a decline in the dollar's value of 40 to 50 pct in the past two years. But the deficit is improving in volume terms and will soon begin showing improvement. "The stage I think is being set for a healthy, constructive expansion without inflationary instability," he said. Reuter  19-OCT-1987 13:47:01.47 switzerlandukwest-germanyusa RM 
f2355reute u f BC-SWISS-PLAN-CHANGE-IN 10-19 0099  BERNE, Oct 19 - The Swiss Banking Commission hopes to introduce a major reform of the banking system in January which would revolutionise the workings of the country's unusual liquidity requirements. Commission Director Kurt Hauri told Reuters the main consequence of the change would be an end to the sharp rise in interest rates which occurs at the end of every month. By effectively reducing liquidity requirements, it would also help Swiss banks compete better against those in Britain, West Germany and the United States, he said. The commission wants to move to a system of average liquidity requirements, where banks have to hold reserves equivalent to a certain proportion of their exposure calculated over the month as a whole. The current system, described as a Swiss special case by Hauri, forces banks to comply with requirements generally only at the end of each month. The result is a sharp upward trend in short dated money market rates, overshadowed by the approach of the end-month, called the ultimo, with consequent high costs for the banks who are forced to borrow extra funds from the National Bank. This was particularly pronounced in June 1986 when overnight rates hit triple figures, due to a combination of the half-year end and a rigid adherence by the National Bank to its money supply target. Although the rise shocked the bank into more flexibility, the problem remained. The reform proposal, which Hauri said had been planned for years, was given to banks and other interested parties for comment on September 30. They have until the end of this month to suggest alterations. Subject to such changes, and to the government go-ahead, it will come into force on January 1, Hauri said. REUTER  19-OCT-1987 13:46:48.03 usa A RM 
f2354reute r f BC-REPUBLIC-<RNB>-UNIT'S 10-19 0083  NEW YORK, Oct 19 - Republic National Bank of New York, a unit of Republic New York Corp, is offering 100 mln dlrs of notes due 1989 yielding 9.612 pct, said sole manager Salomon Brothers Inc. The notes have a 9-1/2 pct coupon and were priced at 99.80 to yield 63 basis points more than the when-issued two-year Treasury notes. Non-callable for life, the issue is rated Aa-1 by Moody's Investors Service Inc and AA by Standard and Poor's Corp. Reuter  19-OCT-1987 13:46:41.39 usa F 
f2353reute r f BC-INFOTRON-<INFN.O>-NAM 10-19 0061  CHERRY HILL, N.J., Oct 19 - Infotron Systems Corp said James C. Castle has been named president and chief executive officer, succeeding James C. Hann, who becomes vice chairman and will focus on product technology issues. Castle had been president of TBG Information Systems Inc, a subsidiary of Thyssen AG <THYH.G>. Reuter  19-OCT-1987 13:46:11.14 V 
f2349reute f f BC-FED'S-JOHNSON-S 10-19 0013  ******Blah blah blah.  19-OCT-1987 13:45:24.04 usa F 
f2345reute r f BC-AMR-<AMR>-UNIT-TO-BUY 10-19 0101  FORT WORTH, Texas, Oct 19 - AMR Corp said its Nashville Eagle Inc subsidiary will acquire nine 19-seat Metro III airplanes in separate agreements with Fairchild Industries Inc's <FEN> Fairchild Aircraft Corp unit and <Midstate Airlines Inc>. Terms of the agreements were not disclosed. The company said the pre-owned airplanes will begin during the fourth quarter of this year. Nashville operates more than 100 commuter flights daily to 16 cities that connect to AMR's American Airlines' daily flights at the Nashville terminal in Fort Worth, Texas. Reuter  19-OCT-1987 13:45:16.81 money-fx balladur RM 
f2344reute f f BC-Balladur-urges-G-7-to 10-19 0013  ******Blah blah blah.  19-OCT-1987 13:44:15.49 earn usa F 
f2341reute r f BC-PIONEER-STANDARD-ELEC 10-19 0080  CLEVELAND, Oct 19 - Periods ended September 30 Oper shr 24 cts vs six cts Oper net 1,297,881 vs 312,295 Sales 60.5 mln vs 52.2 mln First half Oper shr 39 cts vs 13 cts Oper net 2,099,679 vs 711,530 Sales 118.1 mln vs 103.7 mln NOTE: 1986 operating net excludes losses from discontinued operations of 154,661 dlrs, or three cts a share, in quarter and 409,476 dlrs, or seven cts a share, in half. Reuter  19-OCT-1987 13:43:28.40 earn usa F 
f2337reute r f BC-CITIZENS-FINANCIAL-GR 10-19 0056  PROVIDENCE, R.I., Oct 19 - Shr 43 cts vs 55 cts Net 6,262,000 vs 7,948,000 Nine mths Shr 1.30 dlrs vs 1.54 dlrs Net 18.8 mln vs 22.3 mln Assets 2.4 billion vs 2.1 billion NOTE: Prior year amounts restated to reflect 2-for-1 stock split effective May 15, 1987. Reuter  19-OCT-1987 13:42:40.78 earn usa F 
f2335reute r f BC-IRWIN-MAGNETIC-SYSTEM 10-19 0049  ANN ARBOR, Mich, Oct 19 - Period ended Sept 27 Shr nine cts vs 24 cts Net 474,000 vs 880,000 Sales 11.2 mln vs 11.8 mln Avg shrs 5,369,555 vs 3,654,986 Note: 1986 figures include tax credits of 113,000 dlrs or three cts a share. Reuter  19-OCT-1987 13:42:19.46 usa V RM 
f2332reute b f BC-MARKETS 10-19 0090  WASHINGTON, Oct 19 - Federal securities regulators are not discussing a move to close U.S. securities markets, a spokesperson for the Securities and Exchange Commission said. The SEC "...is not discussing closing the nation's securities markets," the SEC said today in a prepared statement. The Commission said it is "is concerned about current market conditions, is closely monitoring the situation and is in regular contact with the various markets and other regulatory bodies." An SEC spokesperson emphasized that the SEC has not been in contact with Reagan administration officials concerning today's market activity, or any response to the volatile U.S. stock market. Reuter  19-OCT-1987 13:41:13.62 grain V 
f2325reute f f BC-U.S.-SENATE-PAN 10-19 0015  ******Blah blah blah.  19-OCT-1987 13:40:57.63 usasaudi-arabia F 
f2324reute d f AM-COURT-KHASHOGGI 10-19 0097  WASHINGTON, Oct 19 - The Supreme Court let stand a ruling that Northrop Corp <NOC> must pay 31 mln dlrs to a company controlled by Saudi businessman Adnan Khashoggi. The court denied a Northrop appeal challenging a U.S. arbitration tribunal's ruling that it pay 31 mln dlrs in commissions and interest stemming from arms contracts it won from Saudi Arabia in the early 1970s. Northrop, seeking to sell F-5 fighter aircraft and supporting services to Saudi Arabia, hired Khashoggi's firm in 1970 as its marketing representative. Northrop paid more than 17 mln dlrs in commissions to Khashoggi's firm, Triad International Marketing, from 1971 to 1975. U.S. Defense Department records showed that Northrops' sales to Saudi Arabia during this period totaled 4.2 billion dlrs. The legal battle dates back to 1979, when Khashoggi began arbitration proceedings seeking payment of more than 150 mln dlrs in commissions due under his agreement with Northrop. A federal judge in 1984 threw out the arbitration panel's award of 31 mln dlrs to Khashoggi's firm, but a U.S. Court of Appeals reinstated it last March. Reuter  19-OCT-1987 13:35:36.34 F 
f2311reute f f BC-NABET-SAYS-IT-S 10-19 0015  ******Blah blah blah.  19-OCT-1987 13:35:17.44 V RM 
f2310reute f f BC-FED'S-JOHNSON-S 10-19 0014  ******Blah blah blah.  19-OCT-1987 13:34:50.11 money-fxdlr V RM 
f2308reute f f BC-FED'S-JOHNSON-S 10-19 0012  ******Blah blah blah.  19-OCT-1987 13:31:35.12 earn usa F 
f2291reute d f BC-BENCH-CRAFT-INC-<SOFA 10-19 0055  BLUE MOUNTAIN, Miss., Oct 19 - Shr 23 cts vs 22 cts Net 1,293,000 vs 1,256,000 Sales 39.7 mln vs 31.6 mln Nine mths Shr 72 cts vs 61 cts Net 4,099,000 vs 3,470,000 Sales 115.9 mln vs 87.6 mln NOTE: Share adjusted for three-for-two stock split in February 1987. Reuter  19-OCT-1987 13:31:02.59 ugandaegypt T G C 
f2288reute r f BC-EGYPT-TO-BUILD-ROADS 10-19 0113  KAMPALA, Oct 19 - Egypt has agreed to build two new roads in Uganda worth a total of 295 mln dlrs, Egyptian commercial attache Muhammud el Tahan said. The two countries signed an agreement under which Egyptian companies will reconstruct the roads between Fort Portal and Bundibugyo near the Zaire border in western Uganda and between Kapchorwa and Swam near Mount Elgon in the east of the country, he told reporters. Uganda would repay the loan from Egypt 70 pct in unspecified barter goods and 30 pct in hard currency. Egypt and Uganda are also discussing the possibility of Egyptian help for a project to grow wheat in Uganda, he added. Reuter  19-OCT-1987 13:28:39.54 earn usa F 
f2279reute r f BC-CITYFED-FINANCIAL-COR 10-19 0084  PALM BEACH, Fla., Oct 19 - Shr primary loss eight cts vs profit 49 cts Shr fully diluted loss eight cts vs profit 45 cts Net profit 681,000 vs profit 11.5 mln Nine mths Shr primary profit 33 cts vs profit 2.36 dlrs Shr fully diluted profit 33 cts vs profit 1.92 dlrs Net profit 12.7 mln vs profit 47.5 mln Assets 10.53 billion vs 10.75 billion Deposits 5.98 billion vs 5.89 billion Loans 8.44 billion vs 9.09 billion NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs from cumulative effect of an accounting change. 1987 3rd qtr and nine mth figures also include gain of 12.1 mln dlrs from sale of real estate investment property. 1987 3rd qtr and nine mths earnings per share reflect payment of dividends on company's two series of preferred stock amounting to 2.2 mln dlrs. Reuter  19-OCT-1987 13:28:23.42 earn usa F 
f2277reute b f BC-/CATERPILLAR-INC-<CAT 10-19 0052  PEORIA, Ill, Oct 19 - Shr profit 1.47 dlrs vs loss 26 cts Net profit 146 mln vs loss 26 mln Revs 2.25 billion vs 1.82 billion Nine mths Shr profit 1.82 dlrs vs profit 2.27 dlrs Net profit 180 mln vs profit 224 mln Revs 5.94 billion vs 5.55 billion Reuter  19-OCT-1987 13:26:48.75 coffee ukcolombia C T 
f2271reute b f BC-COLOMBIA-OPENS-COFFEE 10-19 0032  LONDON, Oct 19 - Colombia has opened export registrations for November coffee shipments, trade sources said. No further details were available. Reuter  19-OCT-1987 13:24:19.68 earn usa F 
f2260reute h f BC-DENSE-PAC-MICROSYSTEM 10-19 0066  GARDEN GROVE, Calif., Oct 19 - Period ended August 29. Shr profit one ct vs loss one ct Net profit 128,112 vs loss 30,170 Sales 1,620,707 vs 1,325,406 Avg shrs 9,306,031 vs 3,499,219 Six Mths Shr nil vs loss nine cts Net profit 25,890 vs loss 322,675 Sales 2,915,077 vs 1,845,003 Avg shrs 9,283,631 vs 3,499,219 Reuter  19-OCT-1987 13:24:12.91 earn usa F 
f2259reute d f BC-NEWHALL-INVESTMENT-PR 10-19 0072  VALENCIA, Calif., Oct 19 - Shr 1.13 dlrs vs 87 cts Net 5,010,000 vs 3,868,000 Nine mths Shr 4.91 dlrs vs 4.84 dlrs Net 21.8 mln vs 21.5 mln NOTE: Current quarter figures include gain of 4.7 mln dlrs on property sales vs gain of 2.9 mln in prior year's quarter. Current nine month figures include gain of 20.5 mln dlrs on property sales vs gain of 19 mln dlrs. Reuter  19-OCT-1987 13:23:55.18 usa F 
f2258reute h f BC-CHRYSLER-<C>SETS-RECO 10-19 0054  DETROIT, Oct 19 - Chrysler Corp said its import operations closed out its 1987 model year with record sales of Dodge Ram-50 models of 76,913 trucks compared with the previous record 72,629 trucks sold in 1986. The Ram-50 is imported for Dodge from Mitsubishi Motors Corp. Reuter  19-OCT-1987 13:22:54.91 earn usa F 
f2253reute h f BC-ASPEN-RIBBONS-INC-<AR 10-19 0027  LAFAYETTE, Colo., Oct 19 - Sept 30 Shr seven cts vs five cts Net 234,504 vs 157,862 Revs 4,096,000 vs 3,007,383 Reuter  19-OCT-1987 13:22:51.94 earn usa F 
f2252reute d f BC-LSI-LIGHTING-SYSTEMS 10-19 0029  CINCINNATI, Oct 19 - Qtr ends September 30 Shr 25 cts vs 13 cts Net 759,000 vs 383,000 Revs 9,052,000 vs 6,829,000 Reuter  19-OCT-1987 13:22:48.38 usa F 
f2251reute r f BC-GUILFORD-MILLS-<GFD> 10-19 0044  GREENSBORO, N.C., Oct 19 - Guilford Mills Inc said its board has authorized the repurchase of up to one mln of its common shares from time to time in the open market. The company has about 10.5 mln shares outstanding. Reuter  19-OCT-1987 13:22:39.93 usaluxembourgiran Y 
f2249reute u f BC-EC-DOES-NOT-PLAN-STAT 10-19 0112  LUXEMBOURG, Oct 19 - The European Community (EC) will not issue a joint statement on the U.S. Attack on Iran for now, diplomats said. They said the latest events in the Gulf were discussed only briefly by foreign ministers over lunch, though member states had been informed by Washington that it was planning military action. "They didn't have enough information to discuss it fully and they wouldn't have agreed anyway," one diplomat said. Belgian Foreign Minister Leo Tindemans said Belgium had always opposed an extension of violence in the Gulf and deeply regretted that the situation had deteriorated. But British Foreign Secretary Sir Geoffrey Howe said the United States was fully entitled to take military action and Francisco Fernandez Ordonez of Spain said the U.S. Strike could be considered an af self-defence. REUTER  19-OCT-1987 13:21:41.74 usa F 
f2241reute r f BC-NATIONAL-DISTILLERS-< 10-19 0032  NEW YORK, Oct 19 - National Distillers and Chemical Corp said it intends to repurchase up to 540,000 of its 32.8 mln common shares outstanding. Reuter  19-OCT-1987 13:21:23.39 usa RM F 
f2239reute r f BC-SEIDMAN-WORRIED-ABOUT 10-19 0110  DALLAS, Oct 19 - Federal Deposit Insurance Corp chairman William Seidman said he is worried that consumer confidence will be undermined by panic selling of stocks. "The principal worry is that the market will panic and destroy the really strong confidence that the consumer has in the economy," Seidman told reporters during the American Bankers Association annual convention. But Seidman was relaxed about the implications for banks. "I don't see any near-term effect on the banking system. We would have to worry if it throws the economy into a major recession. We don't expect that to happen." he said. First Chicago Corp chairman Barry Sullivan echoed Seidman, saying that the slump in stocks could hasten a recession "if it significantly impacts consumer confidence." But Sullivan told reporters that he thinks the U.S. economy remains sound. Sullivan said the slide in stocks was an extreme reaction to recent increases in interest rates. Asked whether First Chicago would follow Chemical Bank in raising its prime rate to 9-3/4 pct from 9-1/4, Sullivan said, "We're looking very carefully at the money markets." The FDIC's Seidman, asked whether the stock market rout was a reason to reconsider plans to give broader securities powers to commercial s, said, "Under the plan we are suggesting that (securities) activities be done in subsidiaries so if ever things go badly for them it won't affect their capital." Reuter  19-OCT-1987 13:21:11.21 trade usa james-baker F RM 
f2237reute r f BC-U.S.-HOUSE-SPEAKER-DE 10-19 0080  WASHINGTON, Oct 19 - House Speaker Jim Wright dismissed charges that the trade bill before Congress contributed to the fall in stock prices on Wall Street. "That is utterly ridiculous," the Texas Democrat told reporters. Treasury Secretary James Baker and other administration officials over the weekend pointed to the pending legislation -- which they brand too protectionist -- as a key factor in the record-setting drop. Reuter  19-OCT-1987 13:19:12.18 usa F 
f2225reute r f BC-ALLIED-SIGNAL-<ALD>-A 10-19 0104  MORRIS TOWNSHIP, N.J., Oct 19 - Allied-Signal Inc said profits in its aerospace division fell 46 pct in the third quarter due to lower margins and significantly higher development costs for several aircraft, including the MD-80. After-tax income from its aerospace operations, the largest of its divisions, was 43 mln dlrs compared with 79 mln dlrs a year earlier, which was restated to exclude sales and expenses from discontinued operations, Allied-Signal said. Revenues in the aerospace division edged up to 1.144 billion dlrs from 1.099 billion dlrs a year earlier. After-tax income from its automotive division rose to 28 mln dlrs from 26 mln dlrs. In its engineered materials division, after-tax income rose to 52 mln dlrs from 39 mln dlrs. Sales in its automotive unit rose to 882 mln dlrs from 662 mln dlrs. Sales in its engineered materials unit rose to 706 mln dlrs from 666 mln dlrs. During the third quarter, the company authorized buyback of 25 mln common shares, including stocks held in odd lots of less than 100 shares. As of Octotber 16, company said it had reduced the number of shares outstanding to 164.6 mln. Reuter  19-OCT-1987 13:18:52.60 earn usa F 
f2222reute d f BC-ROTO-ROOTER-INC-<ROTO 10-19 0040  CINCINNATI, Oct 19 - Shr 23 cts vs 20 cts Net 1,115,000 vs 971,000 Revs 13.8 mln vs 11.9 mln Nine mths Shr 64 cts vs 52 cts Net 3,134,000 vs 2,521,000 Revs 40.1 mln vs 31.8 mln Reuter  19-OCT-1987 13:18:30.52 earn usa F 
f2219reute d f BC-CITY-SAVINGS-BANK-OF 10-19 0041  MERIDEN, Conn., Oct 19 - Shr 34 cts vs not given Net 510,192 vs 328,428 Nine mths Shr one dlr vs not given Net 1,489,831 vs 741,136 NOTE: Company went public in September 1986. Reuter  19-OCT-1987 13:18:25.11 earn usa F 
f2218reute d f BC-HOME-FEDERAL-SAVINGS 10-19 0035  GAINESVILLE, Ga., Oct 19 - 3rd qtr net Shr 22 cts vs 54 cts Net 366,497 vs 877,148 Nine mths Shr 70 cts vs 1.17 dlrs Net 1,185,352 vs 1,924,255 Reuter  19-OCT-1987 13:18:11.61 earn usa F 
f2215reute d f BC-INTERNATIONAL-TELECHA 10-19 0061  DALLAS, Oct 19 - Shr loss five cts vs loss eight cts Net loss 657,000 vs loss 566,535 Revs 9,341,755 vs 260,468 Avg shrs 14,323,384 vs 7,081,688 Nine mths Shr loss 19 cts vs loss 39 cts Net loss 2,449,094 vs loss 1,408,789 Revs 15,571,230 vs 683,684 Avg shrs 12,655,172 vs 3,612,300 Reuter  19-OCT-1987 13:17:31.40 earn usa F 
f2212reute d f BC-SPECTRAMED-INC-<SPMD. 10-19 0049  NEWPORT BEACH, Calif., Oct 19 - Shr profit seven cts vs n/a Net profit 587,000 vs profit 3,231,000 Sales 18.5 mln vs 18.7 mln Nine Mths Shr loss 39 ct s vs n/a Net loss 2,368,000 vs protit 7,165,000 Sales 55.4 mln vs 54.2 mln Note: Current nine month figures include extraordinary loss of 1.2 mln dlrs, or 17 cts per share, resulting from costs associated with restructuring. Prior quarter and nine month per share figures not applicable because company began operations in October, 1986 with the acquisition of Gould Inc's <GLD> medical products group. Reuter  19-OCT-1987 13:17:13.36 earn usa F 
f2209reute d f BC-M/A/R/C-INC-<MARC.O> 10-19 0052  DALLAS, Oct 19 - Shr 21 cts vs 11 cts Net 661,000 vs 325,000 Revs 13.6 mln vs 13.4 mln Avg shrs 3,148,000 vs 3,011,000 1st half Shr 42 cts vs 25 cts Newt 1,310,000 vs 752,000 Revs 28.2 mln vs 25.6 mln Avg shrs 3,136,000 vs 3,006,000 Reuter  19-OCT-1987 13:17:08.17 earn usa F 
f2208reute r f BC-CHAMBERS-DEVELOPMENT 10-19 0055  PITTSBURGH, Oct 19 - Shr 23 cts vs 15 cts Net 2,641,000 vs 1,295,000 Revs 15.6 mln vs 7,925,000 Avg shrs 11.6 mln vs 8,900,000 Nine mths Shr 65 cts vs 37 cts Net 6,805,000 vs 3,308,000 Revs 42.7 mln vs 20.6 mln Avg shrs 10.5 mln vs 8,900,000 Reuter  19-OCT-1987 13:17:02.19 earn usa F 
f2207reute r f BC-VOPLEX-CORP-<VOT>-3RD 10-19 0047  ROCHESTER, N.Y., Oct 19 - Shr loss 24 cts vs loss 13 cts Net loss 619,956 vs loss 340,735 Revs 17.2 mln vs 18.2 mln Nine mths Shr profit six cts vs loss 92 cts Net profit 172,384 vs loss 2,437,333 Revs 57.7 mln vs 57.5 mln Reuter  19-OCT-1987 13:16:48.45 crude usairan perez-de-cuellar V Y RM 
f2205reute u f AM-GULF-COUNCIL 10-19 0103  UNITED NATIONS, Oct 19 - The U.N. Security Council was called to a private meeting on Monday for consultations following the United States attack on an Iranian oil platform. Meanwhile, a U.N. spokesman said that as far as he knew a report to the council and Secretary General Javier Perez de Cuellar on the action had not been received from the Americans. In Washington, President Reagan said the United Nations was being informed of the attack under the provision of the U.N. Charter regarding notification of actions taken under the right of self-defense. The U.N. spokesman, Francois Giuliani, said Perez de Cuellar had no comment on the attack, taken in response to Iranian action against an American-owned tanker last week, but was trying to find out "what actually happened." Calls to Iran's U.N. commission elicited no response. Reuter  19-OCT-1987 13:15:01.23 F 
f2193reute f f BC-CATERPILLAR-INC 10-19 0009  ******Blah blah blah.  19-OCT-1987 13:14:06.52 earn usa F 
f2187reute r f BC-UNITED-SAVINGS-AND-LO 10-19 0047  GREENWOOD, S.C., Oct 19 - Sept 30 Shr 44 cts Net 905,000 vs 631,000 Six months Shr 88 cts Net 1,793,000 vs 1,378,000 Assets 221 mln vs 223.2 mln Deposits 186.4 mln vs 189.8 mln Loans 176.5 mln vs.7 mln Reuter  19-OCT-1987 13:06:13.22 swedenswitzerlandwest-germany F 
f2152reute d f BC-ASEA-BROWN-BOVERI-SET 10-19 0118  STOCKHOLM, Oct 19 - Asea AB <ASEA.ST> said the group to be formed by its merger with Switzerland's BBC AG Brown Boveri und Cie <BBCZ.Z> would have four main business areas; power plants, power transmission, power distribution and industrial equipment. Asea Brown Boveri Ltd's international markets would continue to be run by decentralised management, and the three main home markets, Switzerland, West Germany and Sweden, would continue to play an important role, Asea said in a statement. It said research and development were crucial to the group's future and central reasearch resources and laboratories in the three home markets would be strengthened. Reuter  19-OCT-1987 13:06:04.05 acq uk RM 
f2151reute u f BC-BARING-UNIT-SETS-UP-F 10-19 0115  LONDON, Oct 19 - Baring Capital Investors Ltd (BCI), a unit of the U.K. Merchant bank <Baring Brothers and Co Ltd>, said it has raised 61 mln European Currency Units (ECUs) which will be invested in management buy-outs and development capital opportunities in the U.K. And continental Europe. The funds were raised through BCI's first such fund - the Baring Euaring European Capital Trust - from investors in nine European countries. It expects to raise another 40 mln ECUs soon through a French fund and a fund for U.S. Investors. BCI was set up last year by Baring Brothers to advise buy-out and development capital investors. BCI said the new fund is structured as a Guernsey-based unit trust, which will be listed on the Luxembourg Stock Exchange. It will be advised by BCI and managed by a company owned jointly by Barings and the management of BCI. Individual investments are expected to range between one and 10 mln ECUs and are likely to be concentrated in the U.K., Germany and France. BCI said its aims are to invest in established companies, principally family companies with succession-issues and corporate spin-offs. REUTER  19-OCT-1987 13:03:34.94 money-fx usa james-baker V RM 
f2136reute u f BC-/G-7-SEEN-FIGHTING-TO 10-19 0107  By Claire Miller NEW YORK, Oct 19 - International monetary officials will rush to paper over the deep cracks that have appeared in the Louvre accord on currency stability to prevent a dollar free-fall and to calm turmoil in world capital markets, economists and currency traders said. "I don't think the Louvre is dead because if it breaks up in an acrimonious way, the potential outcome is a rout of the dollar, higher interest rates and collapsing stock markets. It's in the Group of Seven's interest to calm things down," said Douglas Madison, corporate trader at BankAmerica Corp. In a weekend television interview, U.S. Treasury secretary James Baker sharply criticised a recent rise in West German money market rates and said the eight month-old Louvre pact to foster exchange rate stability needs to be reviewed. His comments rocked the currency markets and helped send the already-fragile U.S. and overseas stock markets into a tailspin. The dollar lost more than two pfennigs in the U.S. to about 1.7740/50 marks and about one yen to 141.25/35 yen. The Dow Jones Industrial Average slumped more than 200 points at one stage and U.S. Treasury bonds dropped about 1-3/4 points. Reuter  19-OCT-1987 13:01:11.56 earn usa F 
f2125reute d f BC-TONS-OF-TOYS-INC-<TON 10-19 0036  WAREHAM, Mass., Oct 19 - Shr loss five cts vs loss eight cts Net loss 118,000 vs loss 87,000 Sales 1,765,000 vs 1,345,000 Avg shrs 2,370,000 vs 1,070,000 Reuter  19-OCT-1987 13:00:46.28 nyse V RM 
f2122reute f f BC-NEW-YORK-STOCK 10-19 0014  ******Blah blah blah.  19-OCT-1987 13:00:43.02 earn usa F 
f2121reute d f BC-ANCHOR-FINANCIAL-CORP 10-19 0045  MYRTLE BEACH, S.C., Oct 19 - Shr 28 cts vs 41 cts Net 205,000 vs 229,000 Nine mths Shr 86 cts vs 1.01 dlrs Net 622,000 vs 566,000 NOTE: Share reflects issuance of 166,750 common shares in December 1986. Reuter  19-OCT-1987 12:59:59.82 earn usa F 
f2115reute d f BC-PHOTRONICS-CORP-<PHOT 10-19 0032  HAUPPAUGE, N.Y., Oct 19 - Shr 38 cts vs 25 cts Net 708,197 vs 404,471 Sales 6,592,736 vs 6,122,133 Avg shrs 1,886,400 vs 1,648,477 Reuter  19-OCT-1987 12:59:27.55 ipi france RM 
f2111reute f f BC- 10-19 0014  ******Blah blah blah.  19-OCT-1987 12:59:15.04 earn usa F 
f2110reute d f BC-HOMETOWN-BANCORP-INC 10-19 0045  DARIEN, Conn., Oct 19 - Shr profit five cts vs profit seven cts Net profit 59,000 vs profit 39,000 Nine mths Shr profit 12 cts vs loss four cts Net profit 92,000 vs loss 20,000 Avg shrs 775,000 vs 548,000 Reuter  19-OCT-1987 12:59:00.05 earn usa F 
f2108reute d f BC-FIDELITY-FEDERAL-SAVI 10-19 0061  PHILADELPHIA, Oct 19 - Shr 42 cts vs 59 cts Net 734,659 vs 1,033,309 Nine mths Shr 92 cts vs 1.69 dlrs Net 1,629,719 vs 2,971,144 NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on sale of securities and nine-recurring charge of 32,713 dlrs for write-off of FSLIC secondary reserve. Reuter  19-OCT-1987 12:58:40.79 acq usa F 
f2106reute u f BC-CRAZY-EDDIE-<CRCY.O> 10-19 0098  EDISON, N.J., Oct 19 - Crazy Eddie Inc said its board will not oppose the slate of nominees proposed for election to the board by the committee led by Entertainment Marketing Inc <EM> and the <Oppenheimer-Palmieri Fund, LP.> Crazy Eddie said its board is not endorsing, but will simply refrain from opposing, the EMI-Palmieri nominees. The board also said it will ask representatives of the Committee to Restore Shareholder value to begin acquainting themselves with the business and affairs of the company as promptly as possible. To that end, the committee's representatives will be invited in advance of the annual meeting to examine the company's financial records, to monitor its operations and to join company officers in meetings with the company's suppliers, bankers and key personnel, Crazy Eddie said. The board said that to continue to oppose the EMI-Palmieri group would only increase the expenses of the company, create further uncertainty among its suppliers, customers and employees, and result in deterioration of moral among company personnel. A further release from the company will follow, it said. Reuter  19-OCT-1987 12:58:32.54 earn usa F 
f2105reute d f BC-HORIZON-BANCORP-<HZB> 10-19 0032  MORRISTOWN, N.J., Oct 19 - Shr 1.33 dlrs vs 90 cts Net 12.0 mln vs 8,180,000 Nine mths Shr 3.63 dlrs vs 2.88 dlrs Net 32.9 mln vs 26.2 mln Reuter  19-OCT-1987 12:57:42.95 earn usa F 
f2100reute h f BC-SOCIETY-FOR-SAVINGS-B 10-19 0034  SOCIETY FOR SAVINGS BANCORP INC <SOCS.O> 3RD QTR HARTFORD, Conn., Oct 19 Shr 75 cts vs 55 cts Net 8,031,000 vs 5,819,000 Nine mths Shr 2.16 dlrs vs 1.42 dlrs Net 23.2 mln vs 15.1 mln Reuter  19-OCT-1987 12:57:26.27 usa F 
f2099reute r f BC-STANDARD-PRODUCTS-<SP 10-19 0094  CLEVELAND, Oct 19 - Standard Products Inc said shareholders at its annual meeting approved an increase in the company's authorized common to 25 mln shares from 15 mln shares. Standard also said shareholders approved an increase in the company's board to 12 members from 11. It said shareholders also voted to eliminate cumulative vovting in the electrion of directors and autahorized the company to enter into idemnification contracts from time to time with directors, officers, employees and agents of the company. Reuter  19-OCT-1987 12:56:57.80 earn usa F 
f2094reute d f BC-<ACC-CORP>-3RD-QTR-NE 10-19 0060  ROCHESTER, N.Y., Oct 19 - Shr profit three cts vs profit nine cts Net profit 102,136 vs profit 307,516 Revs 8,459,182 vs 8,469,476 Avg shrs 3,448,218 vs 3,613,672 Nine mths Shr loss 13 cts vs profit 28 cts Net loss 458,823 vs profit 1,014,969 Revs 25.5 mln vs 24.6 mln Avg shrs 3,467,099 vs 3,612,626 Reuter  19-OCT-1987 12:56:50.83 earn usa F 
f2093reute d f BC-FIRST-UNION-REAL-ESTA 10-19 0068  CLEVELAND, Oct 19 - 3rd qtr Oper shr 27 cts vs 29 cts Oper net 4,926,000 vs 5,231,000 Revs 18.5 mln vs 17.8 ln Nine mths Oper shr 78 cts vs 84 cts Oper net 14.1 mln vs 15.3 mln Revs 55.0 mln vs 53.6 mln NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000 dlrs in quarter and 5,881,000 dlrs vs 3,409,000 dlrs in nine mths. Reuter  19-OCT-1987 12:56:08.03 shipcrude cyprusiranusa V Y 
f2086reute u f AM-GULF-IRAN URGENT 10-19 0094  NICOSIA, Oct 19 - A top Iranian military official said America's attack on an Iranian oil platform on Monday had involved the United States in full-scale war and Iran would avenge it with a "crushing blow." "The United States has entered a swamp from which it can in no way get out safely," the Iranian news agency IRNA quoted the head of Iran's war information headquarters as saying. The official, Kamal Kharrazi, said Washington had now become involved in what he called a full-fledged war with Iran. It was the first official Iranian reaction to the attack by four U.S. Navy destroyers on the Reshadat oil platform. Reuter  19-OCT-1987 12:55:51.47 usa F 
f2084reute r f BC-TANDON-COMPUTER-<TCOR 10-19 0102  MOORPARK, Calif., Oct 19 - Tandon Computer Corp said it has introduced a personal computer than combines high capacity disk storage and a new way to transfer large amounts of data. The company said its 386 personal computer features an Intel Corp <INTC.0> 80386 processor running at 20 megahertz. The computer also features a receptacle that accommodates Tandon's Personal Data Pac removable, Winchester disk drive, providing a link to Tandons PAC 286 and other systems running with its Ad-Pac subsystem. The computer will be available in January, 1988. Reuter  19-OCT-1987 12:55:36.93 earn usa F 
f2083reute r f BC-FEDERAL-MOGUL-CORP-<F 10-19 0063  SOUTHFIELD, Mich, Oct 19 - Shr 66 cts vs 48 cts Net 8,413,000 vs 6,112,000 Sales 267.9 mln vs 230.6 mln Nine mths Shr 2.20 dlrs vs 2.05 dlrs Net 28.1 mln 26.4 mln Sales 806.7 mln vs 720.7 mln NOTE: 1986 3rd qtr results include extraordinary loss on extinguishment of debt of 1,482,000 dlrs or 12 cts a shr. Reuter  19-OCT-1987 12:55:17.35 earn usa F 
f2082reute h f BC-USACAFES-LP-<USF>-3RD 10-19 0065  DALLAS, Oct 19 - Shr 33 cts vs 13 cts Net 2,272,000 vs 880,000 Revs 6,399,000 vs 5,912,000 Chainwide sales 142.0 mln vs 126.7 mln Nine mths Shr 1.07 dlrs vs 44 cts Net 7,369,000 vs 2,868,000 Revs 19.1 mln vs 16.1 mln Chainwide sales 402.9 mln vs 357.1 mln Avg shrs 6,918,000 vs 6,569,000 Reuter  19-OCT-1987 12:54:26.99 canada F 
f2075reute r f BC-GRANGES-<GXL>-FILES-F 10-19 0070  VANCOUVER, British Columbia, Oct 19 - Granges Exploration LTD, a mining company, said it filed with the Securities and Exchange Commission for a proposed publioffering of 2,500,000 shares of its common. PaineWebber Inc and Drexel Burnham Lambert Inc will be co-managers of the underwriting group. Granges said it intends to use proceeds for general corporate purposes. Reuter  19-OCT-1987 12:54:00.85 earn usa F 
f2073reute r f BC-ACME-ELECTRIC-CORP-<A 10-19 0058  OELAN, N.Y., Oct 19 - Shr 17 cts vs four cts Qtly div eight cts vs eight cts Net 739,000 vs 157,000 Revs 21.1 mln vs 14.5 mln NOTE: 1986 1st qtr adjusted for five pct stock dividend pain in March 1987. Qtly dividend payable December seven to shareholders or record November nine. Reuter  19-OCT-1987 12:53:49.00 earn usa F 
f2072reute r f BC-NBI-INC-<NBI>-1ST-QTR 10-19 0057  BOULDER, Colo., Oct 19 - Sept 30 end Shr loss 38 cts vs loss three cts Net loss 3,300,000 vs loss 205,000 Revs 63.4 mln vs 72.1 mln Avg shrs 8,966,000 vs 9,741,000 NOTE: 1986 first quarter results include 398,000 gain from repurchase of debentures that had been discounted below market value. Reuter  19-OCT-1987 12:53:29.73 usa F 
f2071reute r f BC-KENNAMETAL-<KMT>-SEES 10-19 0104  LATROBE, Pa., Oct 16 - Kennametal Inc said second quarter, ending December 31, earnings should show significant improvement over the 3.5 mln dlrs, or 35 cts a share, earned in the year earlier quarter. The company said this outlook is based on its optimism the positive trand in domestic metalworking sales will continue through its fiscal 1988. It reported an increase in first quarter profits to 4.9 mln dlrs from 3.6 mln a year ago and said sale increases were experienced in most markets with sales of domestic metalworking products achieving the greatest gains. Reuter  19-OCT-1987 12:51:37.08 earn usa F 
f2056reute d f BC-AVX-CORP-<AVX>-3RD-QT 10-19 0062  GREAT NECK, N.Y., Oct 19 - Shr profit 30 cts vs profit three cts Net profit 3,933,000 vs profit 436,000 Revs 70.4 mln vs 47.2 mln Avg 13.2 mln vs 13.0 mln Nine mths Shr profit 85 cts vs loss 17 cts Net profit 11.2 mln vs loss 2,083,000 Revs 192.1 mln vs 144.8 mln Avg shrs 13.2 mln vs 12.0 mln Reuter  19-OCT-1987 12:50:31.70 usa F 
f2051reute d f BC-FEDERAL-EXPRESS-<FDX> 10-19 0107  MEMPHIS, Oct 19 - Federal Express Corp said that the average daily volume of packages and documents for September increased 26 pct over the same month in 1986. The total volume of packages in September increased to 17,687,000 from 14,077,000. The average daily volume of packages increased to 842,238 from 670,333. For the first four months of the fiscal year, ending Sept 30, the company said its total volume of packages increased to 69,826,000 from the 54,232,000 reported during the same period last year. The average daily volume during the period increased to 802,598 from 638,024. Reuter  19-OCT-1987 12:48:05.35 F 
f2044reute f f BC-CATERPILLAR-INC 10-19 0009  ******Blah blah blah.  19-OCT-1987 12:46:29.00 earn usa F 
f2040reute r f BC-STRATUS-COMPUTER-INC 10-19 0043  MARLBORO, Mass., Oct 19 - Shr 26 cts vs 18 cts Net 5,281,000 vs 3,496,000 Revs 48.8 mln vs 32.1 mln Nine mths Shr 64 cts vs 51 cts Net 12.9 mln vs 9,822,000 Revs 129.0 mln vs 89.2 mln Reuter  19-OCT-1987 12:44:59.48 acq usa F 
f2036reute r f BC-CAESARS-WORLD 10-19 0109  WASHINGTON, Oct 19 - New York investor Martin Sosnoff said he reduced his stake in Caesars World Inc common stock to 3,878,700 shares, or 16 pct of the company's common stock outstanding, from about 17.4 pct. Sosnoff, who tried unsuccessfully to acquire Caesars World earlier this year, said in a filing with the Securities and Exchange Commission that he sold 338,975 Caesars World shares on October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share. Sosnoff said he holds his Caesars World stock "primarily for investment purposes". He also said he reserves the right to alter his intentions at any time. Reuter  19-OCT-1987 12:42:55.68 usa F 
f2025reute d f BC-GRACO-<GGG>-SEES-LOWE 10-19 0096  MINNEAPOLIS, Oct 19 - Graco Inc said it expects 1987 earnings to be below last year's record level, despite higher sales. The company last year earned 14.3 mln dlrs, or 2.38 dlrs a share, on sales of 225.1 mln dlrs. It said its order backlog remains strong and it will complete delivery and installation of several large auto plant finishing systems during the fourth quarter. Earlier, it reported third quarter earnings of 3.1 mln dlrs, or 54 cents a share compared with 4.4 mln dlrs, or 73 cents a share a year earlier. Reuter  19-OCT-1987 12:41:58.41 acq F 
f2021reute f f BC-CRAZY-EDDIE-INC 10-19 0012  ******Blah blah blah.  19-OCT-1987 12:41:03.94 F 
f2018reute f f BC-FEDERAL-MOGUL-C 10-19 0009  ******Blah blah blah.  19-OCT-1987 12:40:46.92 earn usa F 
f2016reute h f BC-MYERS-INDUSTRIES-INC 10-19 0056  AKRON, Ohio, Oct 19 - Shr 26 cts vs 18 cts Net 1,409,551 vs 985,470 Revs 38.4 mln vs 22.5 mln Nine mths Shr 64 cts vs 47 cts Net 3,477,188 vs 2,558,625 Revs 88.8 mln vs 63.9 mln NOTE: Earnings per share adjusted for 3-for-2 stock split distributed on September 4. Reuter  19-OCT-1987 12:39:54.49 earn usa F 
f2013reute d f BC-VICTORIA-BANCKSHARES 10-19 0042  VICTORIA, Texas, Oct 19 - Shr profit two cts vs loss 2.60 dlrs Net profit 111,000 vs loss 16.9 mln Nine mths Shr profit 19 cts vs loss 2.80 dlrs Net profit 1,261,000 vs loss 18.1 mln Reuter  19-OCT-1987 12:39:24.91 earn usa F 
f2010reute d f BC-INTERSTATE-SECURITIES 10-19 0062  CHARLOTTE, N.C., Oct 19 - Shr 11 cts vs 22 cts Qtly div 10 cts vs 10 cts prior Net 548,254 vs 1,138,978 Revs 28 mln vs 31.1 mln Year Shr 50 cts vs 1.34 dlrs Net 2,527,846 vs 6,822,293 Revs 111.7 mln vs 118.9 mln NOTE: Qtly div payable December 4 to shareholders of record November 13. Reuter  19-OCT-1987 12:38:01.63 sudan RM 
f2003reute r f BC-PROTESTERS-MARCH-AGAI 10-19 0085  KHARTOUM, Oct 19 - About 10,000 people marched through the Sudanese capital Monday in protest against price increases and devaluation of the Sudanese pound. The march was aimed at measures agreed with the International Monetary Fund, including devaluation of the Sudanese pound by 44 pct and a rise in sugar and petrol prices. The devaluation was announced on October 3. Sudan's foreign debt costs an estimated one billion dlrs a year to service. REUTER  19-OCT-1987 12:37:28.48 earn usa F 
f2001reute d f BC-PANCHO'S-MEXICAN-BUFF 10-19 0057  FORT WORTH, Texas, Oct 19 - Sept 30 end Shr 14 cts vs 20 cts Net 733,980 vcs 871,720 Revs 14.7 mln vs 12.0 mln Avg shrs 5,130,190 vs 4,302,430 Year Shr 61 cts vs 60 cts Net 2,763,308 vs 2,550,133 Revs 50.0 mln vs 43.1 mln Avg shrs 4,565,189 vs 4,277,046 Fiscal 1987 net both periods includes charge 480,000 dlrs to adjust premium reserves for workers' compensation and liability insurance claims. Reuter  19-OCT-1987 12:37:13.02 earn usa F 
f1998reute u f BC-FRANKLIN-ELECTRIC-CO 10-19 0072  BLUFFTON, IND., Oct 19 - Shr 85 cts vs 73 cts Net 3,150,000 vs 2,699,000 Sales 39.8 mln vs 34.3 mln Nine Mths Shr 2.19 dlrs vs 1.86 dlrs Net 8,109,000 vs 6,876,000 Sales 111.5 mln vs 100.7 mln NOTE: 1987 tax credits added 14 cts to third quarter net and 33 cts to nine months net compared with credits of 16 cts and 45 cts in the respective 1986 periods. Reuter  19-OCT-1987 12:36:40.54 earn usa F 
f1994reute d f BC-ALTUS-BANK-<ALTS.O>-3 10-19 0074  MOBILE, Ala., Oct 19 - Oper shr three cts vs 48 cts Oper net 170,000 vs 2,324,000 Nine mths Oper shr 1.26 dlrs vs 1.84 dlrs Oper net 6,157,000 vs 8,907,000 NOTE: Operating net excludes extraordinary gains of 231,000 dlrs, or four cts a share, vs 2,657,000 dlrs, or 55 cts a share, in quarter and 1,341,000 dlrs, or 28 cts a share, vs 4,637,000 dlrs, or 95 cts a share, in the nine months Reuter  19-OCT-1987 12:36:28.74 usa F 
f1992reute d f BC-PERRY-DRUG-<PDS>-DIRE 10-19 0078  PONTIAC, Mich, Oct 19 - Perry Drug Stores Inc said Donald Fox has resigned from the board of directors, effective immediately. Fox, a board director since 1971, said he was resigning because of new business interests, the company reported. Fox left Perry as president and chief operating officer in January and was recently appointed president of Beauty Brands Group, a distributor based in Southfield, Mich., the company said. Reuter  19-OCT-1987 12:36:09.35 earn usa F 
f1990reute h f BC-KENNAMETAL-INC-<KMT> 10-19 0031  LATROBE, Pa., Oct 19 - Shr 48 cts vs 35 cts Net 4,946,000 vs 3,552,000 Sales 94.1 mln vs 84.5 mln Avg shrs 10.2 mln vs 10.1 mln Reuter  19-OCT-1987 12:34:29.15 usa F 
f1980reute h f BC-PERIPHERAL-<PSIX.O>-C 10-19 0108  PORTLAND, Ore., Oct 19 - Peripheral Systems Inc said it completed tests of the Nucell-50 radio isotope generating system, known as a resonant nuclear battery, designed to produce up to 50 kilowatts of AC electricity. The Nucell-50, developed by privately-held <Nucell Inc>, converts the natural decay of radioactive materials directly into electricity whout a nuclear reaction or fission process, the company said. Peripheral said it entered into a previously announced agreement to acquire Nucell, subject to shareholder approval, and has been providing research funds and engineering to it. The merger calls for an unspecified amount of stock to be paid for Nucell, the company said. The Nucell-50 unit, which measures 12 inches by 15 inches and weighs less than 50 pounds, can operate continuously for many years, the company said. The device uses a small amount of radioactive material, which can be shielded for consumer use, the company said. Initial funding of the Nucell research and development was provided by individuals, many of whom were officers and directors of Peripheral, the company said. Reuter  19-OCT-1987 12:31:22.88 earn usa F 
f1965reute d f BC-COMPUTER-CONSOLES-INC 10-19 0066  WALTHAM, Mass., Oct 19 - Oper shr profit four cts vs profit 13 cts Oper net profit 456,000 vs profit 1,633,000 Revs 37.8 mln vs 34.0 mln Avg shrs 13.0 mln vs 13.0 mln Nine mths Oper shr profit 12 cts vs loss 39 cts Oper net profit 1,614,000 vs loss 4,877,000 Revs 109.2 mln vs 88.3 mln Avg shrs 13.1 mln vs 12.5 mln NOTE: 1987 net excludes tax credits of 156,000 dlrs in quarter and 716,000 dlrs in nine mths. 1987 net both perioods includes charge one mln dlrs from restructuring of Computer Products Division. Reuter  19-OCT-1987 12:30:42.95 grainwheatcorn usa C G 
f1960reute u f BC-SENATE-PANEL-STUDIES 10-19 0142  WASHINGTON, Oct 19 - The Senate Agriculture Committee was expected to consider proposals that would limit adjustments in county loan rate differentials which trigger larger corn and wheat acreage reduction requirements, Senate staff said. A budget-saving proposal drafted by chairman Patrick Leahy (D-Vt) would limit adjustments in county loan rate differentials to no more than one pct per year from the national average loan rate, starting with 1988 crops. The plan also would allow the Agriculture Secretary to increase the unpaid acreage reduction requirement for corn by "an appropriate amount to generate savings" if projected corn stocks exceeded 6.0 billion bushels. Leahy's proposal would also allow a larger 1988 wheat set aside if projected stocks surpassed 1.9 billion bushels. Reuter  19-OCT-1987 12:30:28.20 earn usa F 
f1958reute d f BC-OMNICARE-INC-<OCR>-3R 10-19 0066  CINCINNATI, Ohio, Oct 19 - Shr profit five cts vs loss one ct Net profit 504,000 vs loss 102,000 Revs 31.4 mln vs 32.0 mln Nine mths Shr profit 17 cts vs profit 26 cts Net profit 1,729,000 vs profit 2,596,000 Revs 92.7 mln vs 112.6 mln NOTE: 1986 3rd qtr net includes a after-tax charge of 555,000 dlrs for sale of Reliacare Inc. 1986 nine mths net includes charge of 1,253,000 dlrs or 12 cts a share for sale of Reliacare and Inspiron Hospital Products division. 1986 nine mths net also includes aftertax earnings of 2,256,000 dlrs or 22 dlrs a share for American Medical International Inc <AMI> contracts which expired July 1986. Reuter  19-OCT-1987 12:28:38.16 cpu usa RM V 
f1950reute f f BC-U.S.-INDUSTRIAL 10-19 0014  ******Blah blah blah.  19-OCT-1987 12:27:53.01 usa F 
f1944reute h f BC-CALIFORNIA-MICRO-<CAM 10-19 0108  MILPITAS, Calif., Oct 19 - California Micro Devices said it signed a memorandum of understanding with Telefonica to establish a joint venture to make integrated circuits for the Western European market. Telefonica is the national telephone company of Spain. Under the pact, the companies will design, develop, make and market application specific integrated circuits, thin film resistor networks and non-impact printhead substrates. California Micro will contribute about two mln dlrs of its equity in the venture. Telefonics will invest five mln dlrs in California Micro common stock. Reuter  19-OCT-1987 12:27:08.80 switzerland RM 
f1939reute u f BC-COUPON-SET-HIGHER-FOR 10-19 0105  ZURICH, Oct 19 - The coupon on <Healthvest>'s 40 mln Swiss franc seven-year subordinated convertible bond was set at 4-1/2 pct and not at the four pct indicated, lead manager S.G. Warburg Soditic SA said. The issue, announced by the Texan company on October 12, is priced at par. Its conversion price was set at 23 dlrs during the first three years and 21-3/4 dlrs during the last four years, with the exchange rate fixed at 1.47 francs per dlr. Bonds held until maturity will be redeemed at 116.43 pct for a 6-1/2 pct annual yield. Subscriptions close on October 28. REUTER  19-OCT-1987 12:26:36.09 earn usa F 
f1936reute b f BC-DIME-SAVINGS-BANK-N.Y 10-19 0073  GARDEN CITY, N.Y., Oct 19 - Shr 1.22 dlrs Net 27.8 mln vs 28.6 mln Nine mths Shr 3.88 dlrs Net 87.4 mln vs 98.7 mln Assets 10.3 billion vs 8.4 billion Deposits 7.4 billion vs 6.7 billion Loans 7.9 billion vs 6.0 billion NOTE: Full name is Dime Savings Bank of New York. 1986 per share figures not available as bank converted to stock form in August 1986. 1987 qtr and nine mths includes gain 10.5 mln dlrs and 33.2 mln dlrs, respectively, from utilization of net operating loss carryforwards. 1986 qtr and nine mths includes gain 10.4 mln dlrs and 32.9 mln dlrs, respectively, from utilization of net operating loss carryforwards. 1987 qtr and nine mths also includes charge of 835,000 dlrs for the early extinguishment of debt net of tax benefit. Reuter  19-OCT-1987 12:26:05.24 finland RM 
f1932reute u f BC-NORDIC-INVESTMENT-BAN 10-19 0084  HELSINKI, Oct 19 - The Nordic Investment Bank (NIB) said in a statement it granted Finland's state-owned oil company Neste Oy <Neoy.He> a one hundred million German mark loan to acquire shares in Sweden's OK Petroleum AB. Neste is buying one quarter of the shares in the Swedish company, whose other shareholders are the Swedish State and a federation of oil consumers. Over 60 pct of the NIB's loans this year have involved the energy sector. REUTER  19-OCT-1987 12:25:30.42 usa nyse RM F 
f1928reute r f BC-econ-summit 10-19 0105  WASHINGTON, Oct 19 - Two congressmen urged President Reagan to to call congressional leaders to a domestic economic summit to settle budget and trade matters they said contributed to the stock market fall. Noting the nosediving New York Stock Exchange, Rep David Obey, a Wisconsin Democrat and former chairman of the Congressional Economic Committee, said "for the last five years this economic recovery has been running on borrowed money and borrowed time." In another House speech, Democrat Donald Pease of Ohio said a domestic economic summit was "desperately needed." Reuter  19-OCT-1987 12:23:06.94 acq usa F 
f1921reute u f BC-HAL-ROACH-<HRSI.O>,-R 10-19 0091  NEW YORK, Oct 19 - Robert Halmi Inc said it and Hal Roach Studios Inc signed a definitive agreement to merge in a stock swap value at 115 mln dlrs, based on October 16 closing prices. The company said the agreement calls for the holders of common stock in Hal Roach to exchange their shares on a one-for-one basis for shares in the combined company. It said holders of Robert Halmi common will exchange their shares on a two-and-one-half-for-one basis for shares in the combined company. The company said the swap will be tax-free. The company also said <Qintex Ltd>, a 35 pct owner of Hal Roach common stock, has agreed to use the company as the exclusive vehicle for its U.S. media and entertainment investments, the company said. The company said Qintex's U.S. subsidiary also agreed to supply a minimum 70 mln dlrs line of credit to the new company, which shall be used, with Qintex approval, for financing new HRI products. The company said that under the definitive agreement, Qintex's U.S. division will have the right to purchase up to 51 pct of the new company in the open market, in private transactions or by tender offer, but will not be purchasing warrants to bring its ownership to 51 pct of the new company. If Qintex's U.S. subsidiary has not achieved this ownership within one year after the completion of the merger, the subsidiary will have the right two years thereafter to request that HRI commence a rights offering to HRI stockholders, the company said. Regarding the potential rights offering, Qintex's U.S. subsidiary will act as standby purchaser, the company said. The transaction is subject to the approval of both company's shareholders, the receipt of certain tax approvals, and the continued employement of Robert Halmi Sr and Robert Halmi Jr, the company said. Robert Halmi Sr, who is currently chairman and chief executive officer of Robert Halmi Inc, will be chairman of the new company and David Evans, current president and chief operating officer of Hal Roach, will become chief executive, the company said. Reuter  19-OCT-1987 12:22:20.46 earn usa F 
f1918reute h f BC-PICCADILLY-CAFETERIAS 10-19 0029  BATON ROUGE, La., Oct 19 - Sept 30 end Shr 32 cts vs 32 cts Net 2,990,000 vs 2,988,000 Sales 57.3 mln vs 54.6 mln Reuter  19-OCT-1987 12:22:08.04 acq usa F 
f1916reute d f BC-SYSTEM-SOFTWARE-<SSAX 10-19 0050  CHICAGO, Oct 19 - System Software Associates Inc said it completed its previously-announced acquisition of Admin EDP Pty Ltd for cash and a small amount of stock. Admin EDP, of Sydney, Australia, is a full-service software sales and services firm. Reuter  19-OCT-1987 12:22:03.53 earn usa F 
f1915reute r f BC-GRACO-INC-<GGG>-3RD-Q 10-19 0056  MINNEAPOLIS, Oct 19 - Shr 54 cts vs 73 cts Net 3,080,000 vs 4,367,000 Sales 59.6 mln vs 55.6 mln Nine mths Shr 1.44 dlrs vs 1.81 dlrs Net 8,526,000 vs 10,857,000 Sales 172.4 mln vs 167.0 mln Backlog 34 mln dlrs vs 29 mln dlrs NOTE: 1986 period ended September 26 Reuter  19-OCT-1987 12:21:45.80 earn usa F 
f1913reute d f BC-FIRST-MICHIGAN-BANCOR 10-19 0034  ZEELAND, Mich., Oct 19 - Shr 55 cts vs 48 cts Net 2,520,000 vs 2,211,000 Nine mths Shr 1.57 dlrs vs 1.41 dlrs Net 7,223,000 vs 6,475,000 Reuter  19-OCT-1987 12:19:29.83 earn usa F 
f1898reute d f BC-COUNTRYWIDE-TRANSPORT 10-19 0063  POMONA, Calif., Oct 19 - Shr 19 cts vs 15 cts Net 826,362 vs 421,759 Revs 19.0 mln vs 14.8 mln Avg shrs 4,400,000 vs 2,900,000 Nine Mths Shr 48 cts vs 31 cts Net 1,872,075 vs 887,478 Revs 51.6 mln 41.1 mln Avg shrs 3,889,000 vs 2,900,000 Note: Full name Countrywide Transport Services Inc. Reuter  19-OCT-1987 12:18:51.38 earn usa F 
f1894reute h f BC-SOFTWARE-SERVICES-OF 10-19 0027  NORTH ANDOVER, Mass., Oct 19 - Shr four cts vs five cts Net 85,292 vs 109,285 Revs 2,916,128 vs 474,819 Reuter  19-OCT-1987 12:17:53.94 usa F 
f1888reute r f BC-A.-SCHULMAN-<ASHL.O> 10-19 0086  AKRON, Ohio, Oct 19 - A. Schulman Inc said its board declared a special dividend of 10 cents per share, payable November 23 to holders of record November 9. The company also said its board authorized the spending of 15 mln dlrs for a new warehouse and plant in West Germany adjacent to its present location there. It said the board also authorized the spending of 1,700,000 dlrs to provide additional warehouse, laboratory and office space at its Belgian facility. Reuter  19-OCT-1987 12:16:39.43 earn usa F 
f1882reute r f BC-KEYCORP-<KEY>-3RD-QTR 10-19 0064  ALBANY, N.Y., Oct 19 - Shr 85 cts vs 77 cts Net 25.8 mln vs 21.9 mln Avg shrs 29.0 mln vs 27.1 mln Nine mths Shr 2.22 dlrs vs 2.14 dlrs Net 67.9 mln vs 60.1 mln Avg shrs 29.0 mln vs 26.5 mln NOTE: Previously reoprted amounts restated for earnings of First NorthWest Bancorp acquired in pooling of interests on July 31, 1987. Reuter  19-OCT-1987 12:15:58.15 earn usa F 
f1877reute r f BC-ALLIED-SIGNAL-INC-<AL 10-19 0080  MORRIS TOWNSHIP, N.J., Oct 19 - Oper shr 1.02 dlrs vs 82 cts Oper net 174 mln vs 149 mln Revs 2.7 billion vs 2.4 billion Nine mths Oper shr 2.54 dlrs vs 2.64 dlrs Oper net 438 mln vs 492 mln Revs 8.2 billion vs 7.4 billion NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln dlr or 49 cts a share gain for increase in equity of Union Texas Petroleum Holdings Inc, for initial public offering. 1987 nine mths net includes after-tax gain of 73 mln dlrs or 42 cts a share on sale of remaining interest in the Henley Group Inc and other related transactions, which was partly offset by an after-tax loss of 30 mln dlrs ot 17 cts a share for repurchase of high coupon bonds. 1987 nine mths also excludes 79 mln dlrs for estimated net gain on disposal of discontinued operations as of March 31, 1987, including Linotype Group, Amphenol Products, Ampex Corp. 1986 amounts restated to exclude sales and expenses of discontinued operations. 1986 3rd qtr and nine mths oper net excludes operating income of 15 mln dlrs and and 44 mln dlrs for discontinued operations. 1986 nine mths includes a 43 mln dlrs or 24 cts a share after tax gain for reversion of surplus pension funds. At end of 1987 and 1986 third quarter, average shares outstanding were 169.9 mln and 175.4 mln outstanding, after deducting dividends accured on preferred stock. At end of 1987 and 1986 nine mth period, average shares were 172.5 mln and 175.9, respectively, after deducting for preferred stock dividends. Reuter  19-OCT-1987 12:14:05.07 acq canada E F 
f1862reute u f BC-CORBY-DISTILLERIES-(C 10-19 0119  MONTREAL, Oct 19 - Corby Distilleries Ltd said it has agreed to buy Toronto-based McGuinness Distillers Ltd from Heublein Inc for about 45 mln dlrs in a move which Corby expects to add significantly to domestic earnings. Heublin is a subsidiary of Grand Metropolitan PLC (GMHL.L). Corby said McGuinness will remain a seperate business unit with a seperate sales force. McGuinness markets liquers, brandy, and other liquors and has entered the fast-expanding wine cooler market, Corby said. Corby said it expects to benefit from McGuinness's succesfull introduction of schnapps and coolers and its strength in traditional market sectors. Heublein said the sale does not include McGuinness's Calona Wines Ltd, a Canadian wine company. Heublein said it is will still be represented in Canada by Gilbey Canada Inc. reuter Reuter  19-OCT-1987 12:13:55.75 earn usa F 
f1861reute d f BC-BURR-BROWN-CORP-<BBRC 10-19 0042  TUCSON, Ariz., Oct 19 - Shr 16 cts vs 13 cts Net 1,538,000 vs 1,288,000 Sales 35.3 mln vs 29.5 mln Nine Mths Shr 27 cts vs 37 cts Net 2,601,000 vs 3,586,000 Sales 102.0 mln vs 84.2 mln Reuter  19-OCT-1987 12:12:24.61 F 
f1849reute f f BC-DIME-SAVINGS-BA 10-19 0012  ******Blah blah blah.  19-OCT-1987 12:10:52.39 earn usa F 
f1841reute r f BC-TEMPLE-INLAND-INC-<TI 10-19 0043  DIBOLL, Texas, Oct 19 - Shr 1.24 dlrs vs 66 dlrs Net 38.2 mln vs 20.1 mln Revs 419.1 mln vs 333.8 mln Nine mths Shr 3.50 dlrs vs 1.74 dlrs Net 107.7 mln vs 53 mln Revs 1.2 billion vs 940 mln Reuter  19-OCT-1987 12:09:52.75 earn usa F 
f1834reute h f BC-UNIVERSAL-FURNITURE-L 10-19 0043  HIGH POINT, N.C., Oct 19 - Shr 34 cts vs 26 cts Net 6,150,000 vs 4,743,000 Revs 61.4 mln vs 49.5 mln Nine months Shr 89 cts vs 70 cts Net 16 mln vs 11.8 mln Revs 170 mln vs 137.5 mln NOTE: All share and per share data have been adjusted to reflect 100 pct stock dividend distrition on April 24, 1987 and the public offier of two mln shares ofthe company on June 4, 1986. Reuter  19-OCT-1987 12:09:12.96 earn usa F 
f1830reute d f BC-A.-SCHULMAN-INC-<SHLM 10-19 0059  AKRON, Ohio, Oct 19 - Shr 63 cts vs 49 cts Net 5,635,000 vs 4,330,000 Sales 117.8 mln vs 96.2 mln Year Shr 2.21 dlrs vs 1.71 dlrs Net 19.8 mln vs 15.2 mln Sales 465.1 mln vs 388.5 mln NOTE: Share adjusted for February 1987 three-for-two split. Prior year results restated. Reuter  19-OCT-1987 12:08:43.13 crude usa Y 
f1825reute u f BC-USX-<X>-UNIT-HIKES-CR 10-19 0100  NEW YORK, Oct 19 - Marathon Petroleum Company, a subsidiary of USX Corp, said it lowered posted prices for crude oil by 50 cts with an effective date of October 16. The increase brings posted prices for West Texas Intermediate and West Texas Sour to 19.00 dlrs a barrel each. South Louisiana Sweet was increased to 19.35 dlrs a barrel. Several indepndent oil companies such as Permian Corp and Coastal Corp <CGP> said they had moved prices up effective last Friday the day Sun Co <SUN> announced a 50 cts a barrel increase to 19.00 dlrs a barrel. Reuter  19-OCT-1987 12:07:57.58 RM C G L M T F 
f1819reute f f BC-LONDON-GOLD-1500-FIX 10-19 0008  ******Blah blah blah.  19-OCT-1987 12:07:35.60 usa F E 
f1815reute r f BC-ANCHOR-GLASS-<ANC>-SE 10-19 0097  TAMPA, Fla., Oct 19 - Anchor Glass Container Corp said it expects fourth quarter profits to exceed the 4.7 mln dlrs reported for the third quarter and net income for the full year will be about equal to or slightly exceed 1986's profit before extraordinary items of 20.6 mln dlrs. For the first nine months, Anchor reported operating profits of 16.2 mln dlrs, down from 17.8 mln dlrs in 1986. It said third quarter profits, which dropped from 8.3 mln dlrs a year earlier, "were on target with management's earlier expectations". The company had previously said it expected the August 13 purchase of Diamond-Bathurst Inc to reduce third quarter earnings. It said third quarter earnings were also reduced by about 800,000 dlrs, or six cents a share, by a year-to-date revision in the estimated annual effective tax rate as a result of the acquisition. Reuter  19-OCT-1987 12:05:46.91 usa F 
f1799reute d f BC-USX-<X>,-INLAND-<IAD> 10-19 0104  PITTSBURGH, Oct 19 - USX Corp said its USS division and Inland Steel Corp are continuing to pursue plans to construct a plant devoted to the continuous pre-painting of steel coils. The company said the proposed facility will primarily serve the appliance market and will have a capacity of 250,000 to 300,000 tons yearly. The company said a location for the new plant has not been determined. Seperately, USX said it and Inland have been unable to reach agreement with <Worldmark Corp> regarding terms of a previously announced arrangement for prepainting steel coils. Reuter  19-OCT-1987 12:05:30.11 earn usa F 
f1797reute r f BC-BEARINGS-INC-<BER>-1S 10-19 0046  CLEVELAND, Oct 19 - Sept 30 end Primary 76 cts vs 51 cts Diluted shr 70 cts vs 49 cts Net 2,802,000 vs 2,030,000 Revs 124.9 mln vs 117.2 mln Primary avg shrs 3,687,000 vs 4,016,000 Diluted avg shrs 4,786,000 vs 5,101,000 Reuter  19-OCT-1987 12:04:51.09 earn usa F 
f1792reute r f BC-CHEMICAL-WASTE-MANAGE 10-19 0045  OAK BROOK, Ill., Oct 19 - Shr 24 cts vs 15 cts Net 24,057,000 vs 14,508,000 Revs 156.1 mln vs 111.2 mln Nine mths Shr 63 cts vs 40 cts Net 63,183,000 vs 36,464,000 Revs 405.0 mln vs 295.8 mln Reuter  19-OCT-1987 12:03:29.15 usa F 
f1783reute r f BC-MONSANTO-<MTC>-NUTRAS 10-19 0092  ST. LOUIS, Oct 19 - Monsanto Co said sales of its Nutrasweet artificial sweetener fell slightly in the third quarter due to a continuing decline in usage by the powdered soft drink market. "It doesn't look as if there is going to be any improvement in the powdered soft drink sector," said Donna Smith, a Monsanto spokeswoman. The company reported third quarter sales of 1.90 billion dlrs from 1.69 billion a year earlier. Nutrasweet sales fell to 177 mln from 179 mln a year earlier, it said. A growing market for diet sodas, about 90 pct of which use Nutrasweet, offset much of the sales loss, said Monsanto chief economist Nick Filippello. Prospects remain strong in the diet soda market, Filippello said, since industry analysts predict diet carbonated soft drinks will hold about 28 pct of the soda market by year's end, up from 25 pct in 1986. That market, coupled with increased usage of Nutrasweet in such items as frozen desserts, should result in a 10 pct increase in consumer consumption of the sweetener in 1987, Filippello said. Monsanto spokeswoman Donna Smith refused to comment on the company's pricing policies for Nutrasweet. However, Filippello said it was fair to assume that Monsanto priced Nutrasweet at a lower rate for the diet soda market. Nutrasweet sales have been falling since the fourth quarter of 1986 when medical studies raised questions about its possible side effects, such as migraine headaches. Monsanto acquired G.D. Searle and Co, Nutrasweet's maker in 1986. Reuter  19-OCT-1987 12:01:28.02 crude Y 
f1776reute f f BC-MARATHON-RAISED 10-19 0013  ******Blah blah blah.  19-OCT-1987 11:59:55.84 earn usa F 
f1771reute d f BC-AIR-PRODUCTS-AND-CHEM 10-19 0054  ALLENTOWN, Pa., Oct 19 - Oper shr 70 cts vs 18 cts Oper net 39.1 mln vs 10.0 mln Sales 543.6 mln vs 489.6 mln Year Oper shr 2.83 dlrs vs 1.82 dlrs Oper net 159.7 mln vs 106.9 mln Sales 2.13 billion vs 1.94 billion Avg shrs 56.4 mln vs 58.6 mln NOTE: Results restated for discontinued engineering services operations. Prior year net excludes losses from discontinued operations of 143,000 dlrs in quarter and 102,156 dlrs in year. Fiscal 1987 year net excludes 4,081,000 dlr charge from early debt retirement. Fiscal 1986 net includes special charges 24.7 mln dlrs in quarter and 37.2 mln dlrs in year from worgroce reduction costs, revaluation of South African investment, reversal of investment tax credits and othe4r items. Reuter  19-OCT-1987 11:59:42.92 japan nakasonetakeshita V 
f1769reute b f BC-TAKESHITA-CHOSEN-AS-N 10-19 0101  TOKYO, Oct 20 - Japan's ruling Liberal Democratic Party (LDP) on Tuesdayhose former Finance Minister Noboru Takeshita to be the next prime minister, replacing Yasuhiro Nakasone whose term ends on October 30. LDP officials told Reuters the choice was made by Nakasone after Takeshita and two other contenders failed in marathon closed-door meetings to agree who should be Japan's next leader. They were vying for the presidency of the LDP, a post which automatically carries with it the premiership by virtue of the party's parliamentary majority. Reuter  19-OCT-1987 11:59:35.68 money-fx francewest-germanyusajapan james-bakerballadur A 
f1768reute d f BC-TRANSATLANTIC-ROW-IMP 10-19 0103  By Guy Collins PARIS, Oct 19 - The Louvre accord on currency stability, which has maintained an uneasy calm in currency markets since last February, appeared in serious danger today as a transatlantic dispute over West German interest rates came to the boil, foreign exchange dealers said. But as the dollar slid against the mark and world stock and bond markets plunged, officials in the major industrial countries played down the dispute as a bilateral problem between the United States and West Germany and insisted that the currency pact was still alive. U.S. Treasury Secretary James Baker sparked the market fears when he attacked the rise in West German short-term interest rates. "That's not in keeping with the spirit of what we agreed to as recently as earlier this month in Washington," Baker said in a U.S. Television interview on Sunday. He was referring to the meetings of Finance Ministers from the Group of Seven (G7) leading industrial nations which reaffirmed the pact. Under the Louvre Accord West Germany and Japan, who both have large trade surpluses, pledged to boost their economic growth to take in more exports from the U.S., While the U.S. Agreed to stop talking the dollar down. However, Baker said on Saturday that while the Louvre agreement was still operative, the West German interest rate move would force the U.S. To re-examine the accord. "The foreign exchange market has been told by Baker that he's going to hammer Germany ... He has just declared all bets are off in terms of currency cooperation," Chris Johns, currency analyst at UBS-Phillips and Drew in London said. But a Bank of Japan official took a much more sanguine view, telling Reuters that "the exchange market is apparently reacting too much, and anyone who sold the dollar on the Baker comment will regret it later on." French Finance Minister Edouard Balladur, who hosted the Louvre meeting, was the only one of the G7 Finance Ministers to respond directly to Baker's remarks. He called for "a faithful and firm adherence by all the major industrial countries to the Louvre accords -- in both their letter and spirit." Neither the West German Finance Ministry nor the British Treasury commented on the row. But a Japanese Finance Ministry official said that despite U.S. Frustration over higher interest rates abroad, "this does not represent its readiness to scrap the basic framework of the Louvre Accord." In Frankfurt F. Wilhelm Christians, joint chief executive of West Germany's largest bank, Deutsche Bank, said that following recent meetings with Baker, he believed that the U.S. Was still committed to the accord. In a move which the market interpreted as a possible gesture of reconciliation, the Bundesbank added short-term liquidity to the West German money market at 3.80 pct on Monday, down from the 3.85 pct level at which it injected medium-term liquidity last week. The Bank of France also stepped into the French money market to hold down rates, injecting short-term liquidity at 7-3/4 pct after rates rose close to eight pct. Reuter  19-OCT-1987 11:59:27.61 acq usa F 
f1767reute r f BC-NORTHVIEW-<NOVC.O>-PL 10-19 0077  SAN DIEGO, Calif., Oct 19 - Northview Corp said it reached an agreement in principal covering the acquisition of the company by privately-held Calmark Financial Corp. The agreement calls for Northview to make a self-tender offer for all of its outstanding stock at a price of 22 dlrs per share in cash. Calmark, headquartered in Los Angeles, develops, manages and syndicates real estate, Northview also said. Reuter  19-OCT-1987 11:58:56.32 usa F 
f1764reute h f BC-LOGICON-INC-<LGN>-GET 10-19 0075  LOS ANGELES, Oct 19 - Logicon Inc said it received a three-mln-dlr modification to its contract to develop cruise missile simulation systems for the U.S. Air Force. The company said the modification brings the contract to 12.6 mln dlrs. In addition, a separate 500,000-dlr option may be exercised after the basic simulation systems and software simulation are delivered in September, 1988, it said. Reuter  19-OCT-1987 11:58:27.37 west-germany stoltenberg RM 
f1763reute b f BC-BUNDESBANK-WILL-NOT-H 10-19 0111  FRANKFURT, Oct 19 - The Bundesbank will not hold a news conference after its regular fortnightly central bank council meeting on Thursday, a spokesman said in answer to enquiries. The council is meeting in West Berlin, where it meets once a year. It also meets once a year in another German city. These meetings outside Frankfurt are traditionally followed by a news conference. The spokesman declined to comment further. In Bonn a finance ministry spokesman said Finance Minister Gerhard Stoltenberg would take part in the meeting in West Berlin. His participation was arranged long ago, he added. REUTER  19-OCT-1987 11:57:34.73 earn usa F 
f1759reute r f BC-UNION-NATIONAL-CORP-< 10-19 0064  PITTSBURGH, Oct 19 - Shr 80 cts vs 70 cts Shr diluted 76 cts vs 67 cts Qtly div 33 cts vs 33 cts prior Net 7,879,000 vs 7,007,000 Nine mths Shr 2.33 dlrs vs 2.01 dlrs Shr diluted 2.22 dlrs vs 1.92 dlrs Net 23.0 mln vs 20.0 mln Avg shrs 9,890,148 vs 10.0 mln NOTE: Dividend pay Dec 10, record Nov 20. Reuter  19-OCT-1987 11:57:14.61 acq E F 
f1757reute b f BC-CORBY-DISTILLERIES-LT 10-19 0015  ****Blah blah blah.  19-OCT-1987 11:57:10.49 earn usa F 
f1756reute r f BC-AMCAST-INDUSTRIAL-COR 10-19 0065  DAYTON, Ohio, Oct 19 - Aug 31 Shr loss 34 cts vs profit 39 cts Net loss 2,337,000 vs profit 2,532,000 Revs 66.1 mln vs 58.5 mln Avg shrs 7,166,000 vs 6,763,000 12 months Shr profit 26 cts vs loss 1.20 dlrs Net profit 1,815,000 vs loss 7,927,000 Revs 264.3 mln vs 229.7 mln Avg shrs 7,005,000 vs 6,621,000 NOTE: Results include pretax restructuring provisions of 4.2 mln dlrs and 22.5 mln dlrs for 1987 and 1986, respectively. Reuter  19-OCT-1987 11:56:42.13 F 
f1754reute f f BC-AIR-PRODUCTS-AN 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:55:16.35 interest usa V RM 
f1747reute b f BC-/-FED-ARRANGES-THREE- 10-19 0054  NEW YORK, Oct 19 - The Federal Reserve entered the government securities market to arrange three-day system repurchase agreements, a spokesman for the New York Fed said. Federal funds were trading at 7-5/8 pct at the time of the direct injection of temporary reserves, dealers said. Reuter  19-OCT-1987 11:55:07.04 earn usa F 
f1746reute a f BC-DATACOPY-CORP-<DCPY.O 10-19 0071  MOUNTAIN VIEW, Calif., Oct 19 - Shr profit three cts vs profit one ct Net profit 129,082 vs profit 36,099 Revs 3,864,187 vs 1,875,919 Nine Mths Shr loss six cts vs profit two cts Net loss 303,581 vs profit 110,311 Revs 9,517,242 vs 5,248,105 NOTE: Prior qtr and nine mth figures include extraordinarycredits of 15,000 dlrs and 48,000 dlrs, respectively. Reuter  19-OCT-1987 11:53:06.11 acq usa F 
f1736reute b f BC-MEDIA-GENERAL 10-19 0071  WASHINGTON, Oct 19 - A shareholder group led by Barris Industries Inc <BRSS.O> said it acquired a 9.8 pct stake in Media General Inc Class A common stock and may seek seek contorl of the company. In a filing with the Securities and Exchange Commission, the group said it holds 2,711,000 shares of Media General commons stock purchased at a total cost of about 108.3 mln dlrs. In addition to the possible bid for control, the group said it may purchase additional Media General shares or possibly seek one or more seats on the company's board of directors through a proxy contest. A bid for control of Media General would be subject to "a recapitalization or possible restructuring and to possible changes in the charter documents and by-laws of the company," it said. The group said it had held discussions with third parties to gauge their interest in joining the shareholder group, but no agreements were reached. Talks with third parties are expected to continue, the shareholder group said. Between October 13 and 16, Barris Industries bought 1,322,200 shares of Media General Class A common stock 42.50 dlrs to 45.50 dlrs a share in open market transactions, and another 12,000 shares privately. Reuter  19-OCT-1987 11:51:48.53 usa F 
f1729reute h f BC-GOULD<GLD>-NAMES-PRES 10-19 0068  ROLLING MEADOWS, Ill, Oct 19 - Gould Inc said it named Conrad Wredberg president and general manager of its Semiconductor Division, based in Santa Clara, Calif. Wredberg, formerly senior vice president of operations of the division, succeeds Robert Penn. Penn was named vice president of the Materials and Components Business Section, the company said. Reuter  19-OCT-1987 11:51:29.48 RM V 
f1727reute f f BC-FED-SETS-THREE- 10-19 0008  ******Blah blah blah.  19-OCT-1987 11:51:22.03 usa F 
f1726reute d f BC-GENCORP-<GY>-RKO-UNIT 10-19 0106  WASHINGTON, Oct 19 - RKO General Inc, a unit of GenCorp Inc, said it asked the Federal Communications Commission (FCC) to reverse a preliminary ruling by an agency hearing officer and let it keep its 14 broadcast licenses. The FCC hearing officer had recommended that all 14 of RKO's licenses be revoked. "If the decision is allowed to stand, it will destroy our right to broadcast," said William Reynolds, GenCorp chairman, in a printed statement. "The decision was based on allegations of misconduct that are either in error or have no bearing on our fitness as a broadcaster." Reuter  19-OCT-1987 11:51:14.33 acq usa F 
f1725reute w f BC-S-K-I-<SKII.O>-TO-BUY 10-19 0080  KILLINGTON, Vt., Oct 19 - S-K-I Ltd and <Goldmine Ski Associates Inc> said they reached an agreement calling for S-K-I to buy Goldmine's California ski area for approximately 10 mln dlrs. S-K-I, which owns Killlington and Mount Snow ski resorts in Vt., said the California ski area is located in the San Bernardino mountains. The company said it plans to invest approximately 10 mln dlrs into the ski area in the next few years. Reuter  19-OCT-1987 11:50:47.86 acq usa F 
f1724reute r f BC-ALLEGIS'<AEG>WESTIN-S 10-19 0059  NEW YORK, Oct 19 - Westin Hotels and Resorts, a subsidiary of Allegis Corp, said it will hold a press conference on October 21 near San Francisco to discuss the pending sale of the 61-hotel chain by Allegis. Allegis has said that it plans to sell Westin buyt has not announced that a deal has been set. Reuter  19-OCT-1987 11:50:42.77 gold swedensaudi-arabia C M 
f1723reute d f BC-SWEDEN'S-BOLIDEN-TO-O 10-19 0102  STOCKHOLM, Oct 19 - Mining group Boliden AB said it had agreed with Saudi state agency General Petroleum and Mineral Organisation (Petromin) to open a gold mine in Saudi Arabia to exploit one of the world's richest deposits of the metal. Boliden spokesman Goran Paulson told Reuters the Swedish group would be responsible for the technical side of the operation and would have no control over the product itself. He said one option under discussion for refining the gold ore would be to ship it to Boliden's Ronnskar copper smelter in northern Sweden. Paulson declined to give a figure for the deal but said it was strategically important since it increased Boliden's presence in Saudi Arabia. "Representatives from Petromin have visited Ronnskar already...We see Saudi Arabia as the expansion area of the future," he said. The new mine, which is being developed at Mahd adh Dhahab in the west of the country and should open in the first half of 1988, would have an annual output of about 3,000 kilos of gold smelted from around 120,000 tons of ore, he said. Boliden already owns 50 pct of a gold ore deposit in Saudi Arabia, but the new venture will be the first Saudi mine to open in modern times. "This is a breakthrough for Boliden's sales of mining technology and knowhow," said the group's chief executive, Kjell Nilsson. Reuter  19-OCT-1987 11:50:23.50 usa F 
f1720reute d f BC-IBM-<IBM>,-NYNEX-<NYN 10-19 0104  WHITE PLAINS, N.Y., Oct 19 - International Business Machines Corp said it and NYNEX Corp agreed to participate in an Integrated Services Digital Network field trial scheduled to begin in April 1988. The company said the trial is designed to aid in the development of international standards for Integrated Services interfaces that connect telecommunications networks to display terminals and other devices. Integrated Services Digital Network permits the simultaneous transmission of voice, data, and garphics through a single communications interface, the company said. Reuter  19-OCT-1987 11:50:11.02 earn usa F 
f1719reute d f BC-AMERICAN-REPUBLIC-BAN 10-19 0052  TORRANCE, Calif., Oct 19 - Shr profit 32 cts vs profit nine cts Net profit 413,000 vs profit 63,000 Avg shrs 1,278,360 vs 728,476 Nine Mths Shr profit 68 cts vs loss 57 cts Net profit 708,000 vs loss 415,000 Avg shrs 1,041,697 vs 728,476 Reuter  19-OCT-1987 11:49:55.98 usa F 
f1717reute s f BC-CAL-FED-INCOME-PARTNE 10-19 0023  LOS ANGELES, Oct 19 - Qtly div 25 cts vs 25 cts Pay Nov 16 Record Oct 30 Reuter  19-OCT-1987 11:49:49.58 acq usa F 
f1716reute h f BC-CAL-FED-INCOME-<CFI> 10-19 0058  LOS ANGELES, Oct 19 - Cal Fed Income Partners L.P. said it has acquired two shopping centers for a total price of 18.4 mln dlrs. The company said it bought Best Plaza Shopping Center in Pleasanton, Calif., For 12 mln dlrs and Bristol Place Shopping Center in Santa Ana, Calif., for 16.4 mln dlrs. Reuter  19-OCT-1987 11:49:28.82 earn usa F 
f1712reute w f BC-FIRSTIER-FINANCIAL-IN 10-19 0033  OMAHA, Neb., Oct 19 - Shr 1.05 dlrs vs 74 cts Net 5,244,000 vs 3,684,000 Nine Mths Shr 2.93 dlrs vs 2.14 dlrs Net 14.6 mln vs 10.6 mln Reuter  19-OCT-1987 11:48:30.58 usa F 
f1707reute a f BC-<ADVANCED-VIRAL>-RESC 10-19 0051  MIAMI, Oct 19 - Advanced Viral Research Corp said that its annual shareholders meeting has been rescheduled for November 12 from September 14. The company said the rescheduling was made to meet Securities and Exchange Commission regulations. It did not elaborate. Reuter  19-OCT-1987 11:46:14.43 earn usa F 
f1691reute d f BC-SOUTHWEST-BANCORP-<SW 10-19 0066  VISTA, Calif., Oct 19 - Shr loss primary 82 cts vs profit 15 cts Shr loss diluted 82 cts vs 13 cts Net loss 4,134,000 vs profit 649,000 Avg shrs 5,030,000 vs 3,927,000 Nine Mths Shr loss primary 80 cts vs profit 37 cts Shr loss diluted 80 cts vs 32 cts Net loss 3,615,000 vs profit 1,652,000 Avg shrs 4,557,000 vs 3,927,000 Loans 231.2 mln vs 221.5 mln Deposits 323.3 mln vs 281.9 mln Assets 368.3 mln vs 346.5 mln Note: Prior qtr and nine mth figures include operating loss carryforward gains of 105,000 dlrs, or two cts per share and 195,000 dlrs, or four cts per share, respectively. Reuter  19-OCT-1987 11:45:59.81 acq usaitaly F 
f1689reute d f BC-SHAMROCK-CAPITAL-COMP 10-19 0078  BURBANK, Calif., Oct 19 - Shamrock Capital L.P, a limited partnership led by Shamrock Holdings Inc, said it completed its sale of Central Soya Co Inc to Ferruzzi Agricola Finanziaria of Italy. Under terms of the sale agreement, which was announced on September 15, Ferruzzi acquired all the equity in Central Soya and assumed subordinated term debt of about 195 mln dlrs in a transaction valued at about 370 mln dlrs. Reuter  19-OCT-1987 11:45:45.01 earn usa F 
f1688reute b f BC-MARTIN-MARIETTA-<ML> 10-19 0044  BETHESDA, Md., Oct 19 - Shr 1.02 dlrs vs 96 cts Net 55.6 mln vs 53.2 mln Revs 1.3 billion vs 1.2 billion Nine mths Shr 3.13 dlrs vs 2.88 dlrs Net 171.3 mln vs 159.0 mln Revs 3.8 billion vs 3.5 billion NOTE: 1987 3rd qtr and nine mths includes one time after-tax charge of 14.3 mln dlrs or 26 cts a share for previously announced anticipated sale in the fourth quarter of an investment in Equatorial Communications Co. 1986 amounts restated, increasing net by four cts a share, for change in pension expense accounting. Backlog on September 30, 1987 was 9.3 billion dlrs, which company said was a record. Reuter  19-OCT-1987 11:45:19.93 money-fx west-germany stoltenbergjames-baker A 
f1682reute u f BC-STOLTENBERG-ASSUMES-C 10-19 0076  BONN, Oct 19 - The West German government assumes that the commitment to international monetary cooperation which was renewed in Washington last month will continue, a Finance Ministry spokesman quoted Finance Minister Gerhard Stoltenberg as saying. Stoltenberg's statement was a reaction to criticism of rises in West German interest rates voiced by U.S. Treasury Secretary James Baker over the weekend. Reuter  19-OCT-1987 11:41:10.57 usa F 
f1653reute d f BC-WANG-<WAN>-ANNOUNCES 10-19 0104  BOSTON, Oct 19 - Wang Laboratories Inc announced four additions to its VS line of minicomputers which it said will offer double the capacity of the older models they replace. Company officials told a news conference that Wang will also announce new entry level and high end computers within the next 12 months and a family of powerful work stations by the end of this year. Ian Diery, Wang's senior vice president of U.S. operations, said the new models are lower priced than comparable computers from Digital Equipment Corp <DEC>, the world's largest maker of minicomputers. Minicomputers are medium sized machines usually used within a department or work group of a larger company and typically cost between 10,000 and 500,000 dlrs. The VS 5E will replace Wang's entry level VS 5. Priced at 13,000 dlrs, it can support up to 16 users, double the eight supported by the five and has three times the disc capacity of the older system. The VS 6E can support up to 32 users, double the capacity of the model six it replaces, and has three times the storage capacity of the older model. The 6E is priced at 22,000 dlrs. The VS 75E, which replaces the 65, can support 64 users, 60 pct more than the older model and has twice the main memory capacity. It is priced at 44,000 dlrs. The new VS 7010, which acts as an entry level system for Wang's more powerful 7000 family of minicomputers, can support between 30 and 55 users. It is priced at 75,000 dlrs. All the new systems are now available, Diery said. Bob Ano, Wang's senior vice president of corporate marketing, said that before the end of the company's fiscal year on June 30 it will introduce an entry level computer that will have four times the power of the 5E introduced today. Within the next 12 to 18 months, he said, Wang will announce a more powerful high-end machine that will offer double the price/performance of its 7000 series. Ano said the new family of work stations planned for this year will have a 32-bit semiconductor and be able to support the industry standard MS-DOS and UNIX operating systems. Reuter  19-OCT-1987 11:40:11.89 usa nyse RM V 
f1647reute b f BC-/SEC-HEAD-NOT-URGING 10-19 0072  WASHINGTON, Oct 19 - Securities and Exchange Commission Chairman David Ruder said a brief trading halt has been discussed as one way of restoring order to the stock market, but stressed he is not recommending one at present. Speaking to reporters, Ruder said he has been in frequent contact with New York Stock Exchange Chairman John Phelan about the market's record drop today. "I'm not afraid to say that there is some point, and I don't know what that point is, that I would be quite anxious to talk to the New York Stock Exchange about a very temporary halt in trading," Ruder said. Ruder, who spoke to reporters after addressing an American Stock Exchange-sponsored investors' conference here, said that the SEC does not have the legal authority to order a trading halt. Any trading halt, which would probably last no more than a half-hour, would have to be approved by the stock exchanges, Ruder said. Reuter  19-OCT-1987 11:39:42.22 usajapancanada F 
f1643reute h f BC-CIRCLE-FINE-ART-<CFNE 10-19 0081  CHICAGO, Oct 19 - Circle Fine Art Corp said it completed an exclusive license agreement with the Seiyoken Group of Toyko to open Circle Galleries in Japan. The first Circle Gallery is to open in Tokyo in ealry 1988, with additional Circle Galleries planned, the company said. The license agreement is Circle Fine Art's second expansion outside the U.S. this year. Earlier this year, it formed a joint venture company in Canada. Reuter  19-OCT-1987 11:39:12.99 acq F 
f1641reute f f BC-MEDIA-GENERAL 10-19 0014  ******Blah blah blah.  19-OCT-1987 11:38:19.76 earn usa F 
f1636reute b f BC-NEIMAN-MARCUS-GROUP-I 10-19 0075  CHESTNUT HILL, Mass., Oct 19 - Shr not given Net loss 69.0 mln vs profit 3,682,000 Revs 258.3 mln vs 229.6 mln Six mths Shr loss 58.8 mln vs profit 13.3 mln Revs 517.9 mln vs 466.5 mln NOTE: Company recently spun off from Carter Hawley Hale Stores Inc <CHH>. Current year net both periods includes 40.8 mln dlrs in pretax charges from Carter Hawley Hale restructuring. Reuter  19-OCT-1987 11:38:09.10 canada F Y E 
f1635reute d f BC-SEA-GOLD-OIL-ANNOUNCE 10-19 0095  VANCOUVER, British Columbia, Oct 19 - <Sea Gold Oil Corp> said it has agreed to a private-placement financing of 400,000 common shares of its unissued capital stock with Gulf International Minerals Ltd <GIM.V> at 50 cts per share to raise 200,000 dlrs Canadian. The company said one of the conditions of the placement was the granting of a first right of refusal to Gulf in the event that the company should choose to enter into a joint-venture agreement on any of its mineral claims currently held in the Skyline area. If Gulf should sell any of the 400,000 shares, the first right of refusal will be null and void, the company said. Proceeds will be used for the continued exploration and development of the Sea Gold's mining properties. Reuter  19-OCT-1987 11:37:28.62 F 
f1630reute f f BC-KEYCORP-3RD-QTR 10-19 0007  ******Blah blah blah.  19-OCT-1987 11:36:59.93 F 
f1627reute f f BC-TEMPLE-INLAND-I 10-19 0009  ******Blah blah blah.  19-OCT-1987 11:36:57.76 F 
f1626reute f f BC-ALLIED-SIGNAL-I 10-19 0010  ******Blah blah blah.  19-OCT-1987 11:36:02.36 usa F 
f1619reute d f BC-IGENE-BIOTECHNOLOGY-< 10-19 0097  COLUMBIA, Md., Oct 19 - Igene Biotechnology Inc said it terminated its license agreement with Hercules Inc <HPC> for the manufacture of Igene's natural food preservative and mold inhibitor. It said the cancellation agreed to by both companies. Igene said its Weyco-Serv product was licensed to Hercules in September 1985. Under the terms of the agreement, Igene regains all rights, title and interest in its proprietary microorganisms, process and product and will repay out of future products sales certain royalties. The cancellation of the contract allows Igene to proceed with plans to produce NaturServ, a modified version of Weyco-Serv, the company said. The new product is expected to be available early next year, Igene said. The company also said it plans to build a new multiproduct fermentation plant to meet anticipated demand for NaturServ and other company natural products. Both Weyco-Serv and NaturServ contain high concentrations of acid salts that naturally inhibit spoilage and molding, the company said. Reuter  19-OCT-1987 11:34:39.10 silvergold usa F 
f1614reute h f BC-ARIZONA-SILVER-<ASC> 10-19 0093  VANCOUVER, British Columbia, Oct 19 - Arizona Silver Corp said diamond drilling on its Burro Creek Mine Property, located 65 miles southeast of Kingman, Ariz., has begun. The company said a report indicated that the Burro Creek project area which covers 800 acres, could have potential reserves of three to four mln tons of gold and silver mineralization. Drill sites have been established and a diamond drilling program consisting of an initial 5,000 feet of drilling began October 13, the company said. Reuter  19-OCT-1987 11:33:59.19 earn usa F 
f1608reute u f BC-DELUXE-CHECK-PRINTERS 10-19 0065  ST. PAUL, Oct 19 - Shr 50 cts vs 35 cts Net 42.7 mln vs 29.9 mln Revs 236.5 mln vs 218.2 mln Nine mths Shr 1.24 dlrs vs 1.02 dlrs Net 105.8 mln vs 86.9 mln Revs 702.5 mln vs 642.5 mln NOTE: 1987 nine-month earnings include nonrecurring gain of nine cents a share from sale of the company's Data Card investment. Reuter  19-OCT-1987 11:33:52.03 F 
f1607reute f f BC-MARTIN-MARIETTA 10-19 0009  ******Blah blah blah.  19-OCT-1987 11:33:10.95 ukusa RM 
f1601reute u f BC-HOUSEHOLD-MORTGAGE-GE 10-19 0071  LONDON, Oct 19 - <Household Mortgage Corp> said it has arranged a 200 mln dlr commercial paper program in the U.S., For which Goldman Sachs and Co will be the sole dealer. The program will be backed by a letter of credit from Australia and New Zealand Banking Corp. The program also is supported by a multiple option facility arranged in the Euromarkets in August. REUTER  19-OCT-1987 11:31:48.49 acq usa F 
f1597reute d f BC-TRANSAMERICA-<TA>-UNI 10-19 0075  LOS ANGELES, Oct 19 - Transamerica Insurance Group, the main property-liability insurance operation of Transamerica Corp, said it signed a definitive agreement to acquire a newly-formed insurer, Commerical Risk Underwriters Insurance Co, from <Clarendon Group Ltd>. Transamerica said the unit, which will be renamed Transamerica Reinsurance Co, will initially be capitalized at about 185 mln dlrs. Transamerica said the acquisition represents its first move into specialty treaty reinsurance. The company said about 28 members of Clarendon will join Transamerica as part of the acquisition, which is expected to close in November and is subject to various regulatory approvals. Reuter  19-OCT-1987 11:30:57.50 acq usa F 
f1594reute r f BC-TRITON-ENERGY 10-19 0087  WASHINGTON, Oct 19 - A group of firms led by Hong Kong-based Industrial Equity (Pacific) Ltd, said it acquired 969,515 shares of Triton Oil Corp common stock, or 5.4 pct of the company's common stock outstanding. Industrial Equity (Pacific), which is controlled by Brierley Investments Ltd <BRYW.WE> and which has applied with U.S. antitrust regulators to buy up to 50 pct of Triton's common stock, said the current 5.4 pct stake was acquired for investment purposes. The company said it informed Triton of its present "good faith intention" to buy more than 15 mln dlrs worth of Triton stock. It said it also told Triton it "may depending on market conditions acquire 50 pct or more and possibly 100 pct of the voting securities of (Triton)." It said it received clearance to buy up to 50 pct of the stock on September 11. Industrial Equity (Pacific) reported it bought 250,000 shares of Triton common stock on October 8 at 22.50 dlrs a share. Reuter  19-OCT-1987 11:28:16.09 RM V 
f1581reute f f BC-SEC-CHIEF-DOES 10-19 0014  ******Blah blah blah.  19-OCT-1987 11:26:43.58 sugar uk C T 
f1572reute u f BC-UK-SUGAR-FACTORY-CLOS 10-19 0111  LONDON, Oct 19 - British Sugar Plc was forced to shut its Ipswich sugar factory on Sunday afternoon due to an acute shortage of beet supplies, a spokesman said, responding to a Reuter inquiry Beet supplies have dried up at Ipswich due to a combination of very wet weather, which has prevented most farmers in the factory's catchment area from harvesting, and last week's hurricane which blocked roads. The Ipswich factory will remain closed until roads are cleared and supplies of beet build up again. This is the first time in many years that a factory has been closed in mid-campaign, the spokesman added. Other factories are continuing to process beet normally, but harvesting remains very difficult in most areas. Ipswich is one of 13 sugar factories operated by British Sugar. It processes in excess of 500,000 tonnes of beet a year out of an annual beet crop of around eight mln tonnes. Despite the closure of Ipswich and the severe harvesting problems in other factory areas, British Sugar is maintaining its estimate of sugar production this campaign at around 1.2 mln tonnes, white value, against 1.34 mln last year, the spokesman said. British Sugar processes all sugar beet grown in the U.K. The sugar beet processing campaign, which began last month, is expected to run until the end of January. Sugar factories normally work 24 hours a day, seven days a week during the campaign. As of October 11, 12 pct of the U.K. Sugar crop had been harvested, little different to the same stage last year when 13 pct had been lifted. Since then, however, very wet weather has severely restricted beet lifting. Harvesting figures for the week to October 18 are not yet available. Reuter  19-OCT-1987 11:25:47.35 earn usa F 
f1568reute d f BC-HOME-SAVINGS-BANK-OF 10-19 0099  NEW YORK, Oct 19 - Shr 57 cts vs not given Net 6,889,000 vs 10.7 mln Nine mths Shr 1.67 dlrs vs not given Net 20.1 mln vs 23.0 mln NOTE: Company went public in November 1986. 1986 net both periods includes 5,642,000 dlr pretax gain on sale of branches. Net includes securities and loan sales loss 90,000 dlrs pretax vs gain 46,000 dlrs in quarter and gains 1,213,000 dlrs vs 2,605,000 dlrs in nine mths and loan losxs provisions 125,000 dlrs vs 30,000 dlrs in quarter and 275,000 dlrs vs 90,000 dlrs in nine mths. Reuter  19-OCT-1987 11:24:57.62 money-fx stoltenberg RM 
f1567reute f f BC-Stoltenberg-says-he-a 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:24:49.78 earn usa F 
f1565reute r f BC-MCI-COMMUNICATIONS-CO 10-19 0065  WASHINGTON, Oct 19 - Shr eight cts vs six cts Net 22 mln vs 18 mln Revs 994 mln vs 910 mln Nine mths Shr 19 cts vs 20 cts Net 55 mln vs 54 mln Revs 2.9 billion vs 2.7 billion NOTE: 1987 3rd qtr and nine mths include pre-tax gains of from antitrust settlement of 2,000,000 dlrs and 6,000,000 dlrs respectively. 3rd qtr 1986 includes pre-tax gain of 65 mln dlrs from sale of MCI Airsignal subsidiary, and after-tax extraordinary loss of 17 mln dlrs from early redemption of 9-1/2 pct subordinated notes. Reuter  19-OCT-1987 11:23:13.94 earn usa F 
f1553reute r f BC-STERLING-DRUG-INC-<ST 10-19 0055  NEW YORK, Oct 19 - Shr 1.03 dlrs vs 88 cts Net 59.5 mln vs 51.9 mln Revs 641.7 mln vs 557.8 mln Avg shrs 57.4 mln vs 59.0 mln Nine mths Shr 2.51 dlrs vs 2.14 dlrs Net 145.2 mln vs 126.4 mln Revs 1.71 billion vs 1.47 billion Avg shrs 57.8 mln vs 59.0 mln NOTE: 1986 figures restated to reflected change in accounting methods related to pension expenses. Reuter  19-OCT-1987 11:20:48.61 canada E 
f1542reute u f BC-CAE-(CAE.TO)-UNIT-WIN 10-19 0057  MONTREAL, Oct 19 - CAE Electronics Inc, wholly-owned by Cae Industries Ltd, said it received a contract worth nine mln Canadian dlrs to design and manufacture an A-320 aircraft flight simulator for Lufthansa German Airlines. It said the simulator is scheduled for delivery in late 1989. Reuter  19-OCT-1987 11:20:24.50 usa F 
f1541reute r f BC-PHELPS-DODGE-<PD>-NET 10-19 0101  PHOENIX, Oct 19 - Phelps Dodge Corp said net earnings nearly tripled in the third quarter on sharply higher copper prices, increased sales and strong earnings from a new chemicals business. The company also recorded a gain of 21.3 mln dlrs or 57 cents a diluted share from a tax loss carryforward and gain on early debt retirement. Copper prices averaged 78 cents a pound on the New York Commodity Exchange, up from 59 cents in the year-ago quarter. Net earnings rose to 58.2 mln dlrs or 1.77 dlrs a share from 19.4 mln dlrs or 60 cents a share. Copper sales rose 10 pct to 112,900 tons in the quarter and operating earnings from primary metals, mostly copper, grew to 54.2 mln dlrs from 11.1 mln dlrs, the company said. Manufacturing and specialty chemicals had operating earnings of 17.9 mln dlrs, including Columbian Chemicals, acquired at the end of 1986. In the 1986 quarter, the group's operating earnings were 5.2 mln dlrs. Total sales in the quarter more than doubled to 377.4 mln dlrs from 188 mln dlrs. Nine month net rose 98 pct to 100.3 mln dlrs or 2.80 a diluted share as sales grew 72.8 pct to 1.11 billion dlrs. Reuter  19-OCT-1987 11:19:58.50 usa F 
f1539reute s f BC-JOHNSON-AND-JOHNSON-< 10-19 0026  NEW BRUNSWICK, N.J., Oct 19 - Qtly div 42 cts vs 42 cts prior Pay December 10 Record November 20 Reuter  19-OCT-1987 11:19:53.44 F 
f1538reute f f BC-NEIMAN-MARCUS-G 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:19:49.05 earn usa F 
f1537reute u f BC-FPL-GROUP-INC-<FPL>-3 10-19 0058  NORTH PALM BEACH, Fla., Oct 19 - Shr 1.16 dlrs vs 1.19 dlrs Net 151.4 mln vs 152.4 mln Revs 1.31 billion vs 1.17 billion Avg shrs 130.0 mln vs 127.6 mln 12 mths Shr 3.03 dlrs vs 2.85 dlrs Net 392.7 mln vs 353.0 mln Revs 4.32 billion vs 4.14 billion Avg shrs 129.8 mln vs 123.9 mln Reuter  19-OCT-1987 11:19:05.04 interest RM 
f1529reute f f BC- 10-19 0013  ******Blah blah blah.  19-OCT-1987 11:18:18.39 usa F 
f1525reute u f BC-WANG-LABS-<WAN>-BETTE 10-19 0091  BOSTON, Oct 19 - Wang Laboratories Inc expects revenues for the year ending June 30, 1988, to increase 12 to 15 pct over fiscal 1987 to 3.2 billion dlrs, President Frederick Wang said. He told a news conference after-tax profit for the year should increase by three to five pct. Earlier Wang said first quarter revenues increased 16 to 693 mln dlrs and profits totaled 22.5 mln dlrs, or 14 cts a share, vs a loss of 30 mln dlrs, or 19 cts a share, in the September quarter last year. Wang told the news conference the company's orders were particularly strong for the high end of its line of VS minicomputers. "For the past six months the high end really surged" while the company's entry level computers dipped slightly, senior vice president of U.S. operations Ian Diery said. For the past six months, earnings for both large and entry level systems in the U.S. increased by 20 pct, he said.. Wang said the company has seen an overall resurgance in its business in the U.S. He said the company's business in Europe "remains fairly firm." Reuter  19-OCT-1987 11:17:31.46 acq usa F E 
f1520reute u f BC-MULTIFOODS-<IMC>-FILE 10-19 0101  MINNEAPOLIS, MINN., Oct 19 - International Multifoods Corp said it filed a suit charging Bregman Partners and its affiliates unlawfully planned to acquire control of the company. In a suit filed in U.S. District Court, International Multifoods said Bregman Partners and its affiliates, who reportedly hold 7.4 pct of the company's shares, tried to induce Multifood's management to join them in an effort to take the company private and give controlling interest to Bregman Partners. Bregman Partners include the interests of the Belzberg families of Canada. The complaint also discloses that on each occasion, Multifoods management rejected the group's overtures. Multifoods is asking Bregman's group to divest its shares in open market sales in a manner not to further disrupt the market place, according to the suit. The suit seeks compensatory and punitive damages in an amount to be determined. In addition, Multifoods is seeking to stop Bregman Partners from acquiring any more stock, or voting the shares it reportedly owns, the suit said. According to Multifoods, the actions proposed by Bregman Partners would prevent shareholders from realizing the full benefits of the company's restructuring. In the past three years, Multifoods has substantially altered its domestic business mix by divesting its U.S. consumere foods operations and emphasizing growth in selected segments of the U.S. foodservice industry. Reuter  19-OCT-1987 11:16:33.44 F 
f1516reute f f BC-STERLING-DRUG-I 10-19 0009  ******Blah blah blah.  19-OCT-1987 11:16:16.76 uk RM 
f1514reute b f BC-SALOMON-NOT-PULLING-O 10-19 0097  LONDON, Oct 19 - <Salomon Brothers Inc> is not withdrawing as a market maker in euroyen bonds, contrary to strong market rumours circulating in London, a London-based spokeswoman for the company's New York headquarters said. Earlier, a spokesman for Salomon Brothers' London operations declined to comment at all on rumours that have been circulating here. Euroyen bond traders had said they were informally contacted by their counterparts at Salomon and told that they would no longer be market makers in those securities. The traders said that Salomon had not notified the Association of International Bond Dealers (AIBD) of its plans to withdraw as a market maker. Under new rules recently adopted by the AIBD, notification would be required if the firm decided it no longer wished to make two-way prices at all times in euroyen bonds. According to dealers at several Japanese banks, Salomon's euroyen bond traders have been in a meeting and unavailable to make prices. Market sources said that Salomon had offered the traders a chance to remain with the firm if they were willing to trade eurobonds denominated in other currencies. Dealers noted that at one point this year, euroyen bond issuance had actually outpaced that of eurodollar denominated bonds, the first time the U.S. Unit has been eclipsed as the currency of choice for international borrowers. Dealers said that given the dollar's recent weakness, the yen could once again top the eurobond issuance tables. Last week, Salomon Brothers announced it would trim its worldwide staff by 800 and withdraw from several areas of business, most specifically short term bank lending. REUTER  19-OCT-1987 11:14:59.34 earn usa F 
f1507reute b f BC-AT-AND-T-<T>-3RD-QTR 10-19 0054  NEW YORK, Oct 19 - Shr 47 cts vs 48 cts Net 505.0 mln vs 533.0 mln Revs 8.47 billion vs 8.43 billion Nine mths. Shr 1.42 dlrs vs 1.16 dlrs Net 1.55 billion vs 1.31 billlion Revs 25.0 billion vs 25.56 billion NOTE: Full name is American Telephone and Telegraph Co. NOTE: Prior quarter and nine mth net reduced by 25 mln dlrs, or two cts per share, for estimated costs to reduce workforce and consolidate various facilities. Prior qtr and nine mths include pretax gain of 73 mln dlrs from damages paid by Republic of Iran and pretax gain of 40 mln dlrs from change in company's ownership in ING C. Olivetti SpA. After tax these gains added 68 mln dlrs, or six cts per shr, to net income. Prior qtr and nine mth results were previously restated to reflect a change in depreciation methods that reduced net income by 175 mln dlrs, or 16 cts per share. Reuter  19-OCT-1987 11:13:23.84 earn usa F 
f1497reute d f BC-GORDON-JEWELRY-CORP-< 10-19 0078  HOUSTON, Oct 19 - Shr loss 13 cts vs loss 20 cts Net loss 1,343,266 vs loss 2,086,086 Revs 82.3 mln vs 80.3 mln Year Shr loss 1.83 dlrs vs profit 1.24 dlrs Net loss 19.2 mln vs profit 13.4 mln Revs 388.1 mln vs 370.3 mln NOTE: 1987 year includes charge 15.0 mln dlrs pre-tax for inventory valuation allowance. 1987 year also includes charge 12.8 mln dlrs from discontinued operations. Reuter  19-OCT-1987 11:12:09.72 canada M 
f1488reute d f BC-GM-Canada 10-19 0109  TORONTO, Oct 19 - The Canadian division of General Motors Corp will make its first economic offer later Monday in contract negotiations with 40,000 members of the Canadian Auto Workers, the union said. The union is seeking the same contract pattern it has reached at the Canadian units of Ford Motor Co and Chrysler Corp including partial pension indexation and wage increases in each year of a three-year pact. The union hareatened to strike at 10 a.m. EDT on Thursday unless General Motors of Canada Ltd meets the pattern and settles a host of local issues at 11 plants in Quebec and Ontario. Reuter  19-OCT-1987 11:11:56.07 money-fx west-germany james-baker A 
f1486reute r f BC-WEST-GERMANY-STILL-CO 10-19 0102  BONN, Oct 19 - West German government sources said Bonn remained committed to the Louvre Accord to stabilise currencies, which was struck by leading western democracies in Paris last February. Over the weekend, U.S. Treasury Secretary James Baker criticised recent rises in West German short-term interest rates and said such developments were not in the spirit of the Louvre pact. He said the agreement may have to be re-examined. The sources said the West German interest rate rises had to be seen in the context of interest rate developments worldwide. Reuter  19-OCT-1987 11:11:12.80 usa A RM 
f1478reute h f BC-U.S.-CORPORATE-FINANC 10-19 0100  By John Picinich NEW YORK, Oct 19 - The recent sharp rise in U.S. interest rates sparked turmoil in the fixed-income markets, but underwriters said they doubt company treasurers will rush to borrow before rates increase further. "Corporate treasurers will continue to issue new debt when they believe they are borrowing at an attractive rate," said an underwriter with a major Wall Street house. Said another, "We will not see a flood of new offerings. Treasurers are reassessing the market. We will not see new issuance dry up either." Still, the pace of corporate borrowing in the public finance market has slowed, according to a Reuter tabulation. Last week, which was shortened by the Columbus Day holiday, saw issuance of 1.3 billion dlrs of new debt. That was down from the prior week's tally of slightly more than two billion dlrs of new debt. In contrast, a year ago it was not unusual to see those amounts of new offerings in a single day as companies took advantage of the then decline in interest rates to refinance old, higher-cost debt or to expand operations via financings at low, attractive rates, underwriters noted. "Companies will conduct financings that they believe are essential," said an underwriter with a medium-sized Wall Street firm. "But we will not see much more than that until the market stabilizes." In the meantime, treasurers will probably prefer shorter term issues, analysts said. For instance, of last week's nine issues, only one had a maturity of more than 10 years. The other offerings had maturities of two to seven years, with most clustered in the two to three year area, according to a Reuter tabulation. That is because single-digit interest rates were had last week only among two-year securities. "If people think that interest rates will continue to head higher, then we could see treasurers rushing to market," said a trader with a medium-sized securities house. "But if people think last week's sharp interest rate rise is a fluke, treasurers will sit back and wait for rates to decline before issuing new debt, hoping of course that they are not missing the boat by doing so," she added. Another impediment to new issuance is the lukewarm reception to new issues by institutional and retail investors in recent weeks, traders pointed out. Many investors refrained from buying because they believed rate would rise further. "We saw a lot of buying interest last week, but people are not yet willing to pull the trigger," a broker said. "They would rather wait and see if the recent rate increase can be sustained." Conflicting forecasts on the likely direction of interest rates did not help, analysts said. For instance, Henry Kaufman, chief economist with Salomon Brothers Inc, said in his weekly "Comments on Credit" that the yields of U.S. Treasury bonds would probably rise further because the marketplace expects inflation to rise and the dollar to continue to decline. In contrast, Standard and Poor's Corp said on Friday that prices of debt securities in the fixed-income markets would recover. The rating agency said neither the economy nor the dollar justify current high yields. Meanwhile, the Chicago Board of Trade is slated to hold a press briefing on Tuesday in New York about its plans to list a futures contract based on a corporate bond index. That follows last week's announcement by Commodity Exchange Inc, Comex, that it plans to list on October 29 a new futures contract based on the investment-grade corporate bond index of Moody's Investors Service Inc. Reuter  19-OCT-1987 11:10:22.22 canada E F 
f1475reute u f BC-GM-Canada 10-19 0109  TORONTO, Oct 19 - The Canadian division of General Motors Corp will make its first economic offer later today in contract negotiations with 40,000 members of the Canadian Auto Workers, the union said. The union is seeking the same contract pattern it has reached at the Canadian units of Ford Motor Co <F> and Chrysler Corp <C>, including partial pension indexation and wage increases in each year of a three-year pact. The union has said it will strike on 1000 EDT/1400 GMT on Thursday unless General Motors of Canada Ltd meets the pattern and settles local issues at 11 plants in Quebec and Ontario. Reuter  19-OCT-1987 11:09:59.74 interest usa A 
f1473reute h f BC-FDIC'S-SEIDMAN-SAYS-H 10-19 0107  DALLAS, Oct 19 - Federal Deposit Insurance Corp Chairman William Seidman said he would be concerned about the impact on banks of a further sharp rise in interest rates. However, Seidman, attending the American Bankers Association convention, said he did not expect rates to rise much higher and said the outlook for the U.S. economy and for banking was sound. "The potential for greater interest rate rises gives us concern. We see nothing right now in the outlook that causes us to believe rates are going much higher or that the economy is not sound," Seidman told a news conference. Reuter  19-OCT-1987 11:09:28.53 money-fx V RM 
f1471reute b f BC-/-FED-SEEN-ADDING-RES 10-19 0102  NEW YORK, Oct 19 - The Federal Reserve is expected to enter the government securities market to supply reserves to the banking system via system repurchase agreements, economists said. Most economists said the Fed would execute three-day system repurchases to meet a substantial need to add reserves in the current maintenance period, although some said a more aggressive add via overnight system repos was possible. Federal funds opened at 7-5/8 pct and remained at that level late this morning, compared with an average effective rate of 7.55 pct Friday. Reuter  19-OCT-1987 11:07:51.01 F 
f1466reute f f BC-MCI-COMMUNICATI 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:06:52.09 usa F 
f1459reute d f BC-INLAND-<IAD>-PLANS-TO 10-19 0063  CHICAGO, Oct 19 - Inland Steel Co said it and the USS Division of USX Corp <X> are continuing to pursue plans for construction of a state-of-the-art line for continuous prepainting of steel coils. It said the proposed line will primarily serve the appliance market. It said a location for the new plant has yet to be selected. Reuter  19-OCT-1987 11:06:38.17 earn usa F 
f1457reute r f BC-STANDARD-PRODUCTS-CO 10-19 0042  CLEVELAND, Oct 19 - Shr 40 cts vs 54 cts Net 4,442,000 vs 6,375,000 Sales 102.8 mln vs 102.5 mln Avg shrs 11.1 mln vs 11.6 mln NOTE: Share adjusted for August 1987 five-for-four split. Reuter  19-OCT-1987 11:05:20.61 usa F A RM 
f1447reute u f BC-FINANCIAL-CORP-<FIN> 10-19 0102  IRVINE, Calif., Oct 19 - Financial Corp of America, in reporting a third quarter loss, said gains on the sale of loans and mortgage-backed securities, which has been the company's main source of profit during the past two years, fell to 12.4 mln dlrs as compared to a 93.4 mln in the third quarter last year. It said the income was reduced by adverse interest rate fluctuations during the quarter. The company also said it made an additional provision of 70.4 mln dlrs to its reserve for losses on loans and real estate, compared with 76.2 mln dlrs a year ago. Financial Corp said its reserve totaled 1.00 billion dlrs at September 30, 1987, compared with a total of 580.4 mln at the same time a year ago. Financial Corp, the nation's largest thrift, reported a third quarter loss of 75.8 mln dlrs, or 2.20 dlrs per share, compared with an 11.6 mln dlr profit last year. At the end of the quarter scheduled items, or non- or under-performing assets, were 1.34 billion dlrs, or 4.01 pct of total regulatory assets, down from 1.77 billion, or 5.20 pct of assets at the end of the 1986 third quarter, the company said. In reporting third quarter results the company also said its highest priority is to raise capital and strengthen its financial base. "We are responsible to our shareholders and therefore are exploring several alternatives for achieving value while raising capital. "Any proposal to acquire or restructure the company will be viewed by management from this perspective," Financial Corp chairman William Popejoy said in a statement. Last month Financial Corp executives and Federal Home Loan Bank Board members met to discuss a restructuring of FCA, with help from the Federal Savings and Loan Insurance Corp, as a possible solution to the company's financial difficulties. In addition, Ford Motor Co's <F> First Nationwide Financial Corp, has acknowledged that it is interested in acquiring the company. Financial Corp has said it needs about one billion dlrs to bring its regulatory net worth up to Federal Government requirements. In addition, Financial Corp said its real estate group sold properties totaling 154.8 mln dlrs in book value before reserves during the quarter and 435.5 mln dlrs of real estate for the nine months to September 30. The company also said it had a net deposit decrease of 415.4 mln dlrs during the quarter, resulting mainly from institutional deposits reacting to the company's pricing strategy and to its efforts to manage the cost of funds. Reuter  19-OCT-1987 11:04:10.38 usa F 
f1442reute r f BC-RORER-<ROR>-UNIT-CLOT 10-19 0082  BLUE BELL, Pa., Oct 19 - Rorer Group Inc's Armour Pharmaceutical Co said it received Food and Drug Administration approval for a blood clotting drug for hemophiliacs. The company said the drug, monoclate antihemophilic factor, will treat hemophilia A, the most common form of hereditary blood clotting disorder. Monoclate is 99 pct free of unwanted contaminants, compared to other blood products which are less than one pct pure, Armour said. Reuter  19-OCT-1987 11:02:58.81 F 
f1433reute f f BC-AMERICAN-TELEPH 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:02:54.96 earn usa F 
f1432reute r f BC-BANKEAST-CORP-<BENH.O 10-19 0032  MANCHESTER, N.H., Oct 19 - Shr 17 cts vs 37 cts Net 1,783,000 vs 4,028,000 Nine mths Shr 52 cts vs 1.03 dlrs Net 5,587,000 vs 11.1 mln Reuter  19-OCT-1987 11:02:16.77 lse V 
f1428reute f f BC-LONDON'S-FTSE-100-SHA 10-19 0013  ******Blah blah blah.  19-OCT-1987 11:02:01.99 earn usa F 
f1427reute d f BC-DALLAS-CORP-<DLS>-3RD 10-19 0040  DALLAS, OCt 19 - Shr 30 cts vs 12 cts Net 2,191,000 vs 852,000 Sales 106.6 mln vs 102.9 mln Nine mths Shr 44 cts vs 40 cts Net 3,236,000 vs 2,919,000 Sales 297.9 mln vs 297.9 mln Reuter  19-OCT-1987 11:01:33.48 F A 
f1424reute f f BC-SALOMON-BROS-SAYS-IT 10-19 0011  ******Blah blah blah.  19-OCT-1987 11:00:49.52 earn usa F E 
f1418reute u f BC-ANCHOR-GLASS-CONTAINE 10-19 0051  TAMPA, Fla., Oct 19 - Shr 34 cts vs 62 cts Net 4,717,000 vs 8,277,000 Revs 213.4 mln vs 158.7 mln Nine mths Oper shr 1.18 dlrs vs 1.54 dlrs Oper net 16.2 mln vs 17.8 mln Revs 517.2 mln vs 451.4 mln Avg shrs 13.7 mln vs 11.6 mln NOTE: 1986 nine mths net exclude204,000 dlr gain from reversion of pension assets. 1987 net both periods includes pretax charge 692,000 dlrs from amortization of goodwill. Reuter  19-OCT-1987 11:00:19.74 RM 
f1413reute f f BC-SALOMON-BROS-SAYS-IT 10-19 0013  ******Blah blah blah.  19-OCT-1987 10:59:38.40 earn usa F 
f1411reute b f BC-MIDDLE-SOUTH-UTILITIE 10-19 0046  NEW ORLEANS, Oct 19 - Shr 90 cts vs 84 cts Net 185.5 mln vs 171.5 mln Revs 1.08 billion vs 1.07 billion Nine mths Shr 1.85 dlrs vs 1.90 dlrs Net 378.9 mln vs 389.5 mln Revs 2.67 billion vs 2.69 billion 12 mths Shr 2.15 dlrs vs 1.87 dlrs Net 440.7 mln vs 382.0 mln Revs 3.47 billion vs 3.47 billion Reuter  19-OCT-1987 10:58:31.75 acq usa F 
f1408reute r f BC-CALMAT 10-19 0098  WASHINGTON, Oct 19 - Industrial Equity (Pacific) Ltd, a Hong Kong-based investment firm leading a group holding 19.1 pct of Calmat Co's common stock, said it intends to submit to Calmat a proposal for a possible business combination. In a filing with the Securities and Exchange Commission, Industrial Equity (Pacific) did not disclose details of the proposal, but said it would be delivered to Calmat in the near future. Industrial Equity (Pacific) "does not intend to remain a passive investor" in Calmat, the firm told the SEC. In its SEC filing, Industrial Equity (Pacific) said its president of North American operations Ronald Langley met with Calmat officials on October 14 to discuss an acquisition of the company at a premium over the market price of Calmat stock. Industrial Equity (Pacific) added it is considering launching a tender offer for Calmat stock or making a merger proposal to the company, but said it has not decided whether it will pursue a Calmat acquisition on a non-negotiated basis. Industrial Equity (Pacific), which currently holds 5.83 mln Calmat common shares, said it is also evaluating the company's recently adopted shareholder rights plan and its potential effect on Calmat and on possible acquisition proposals made to the company. Between October 2 and 14, Industrial Equity (Pacific) bought 918,900 shares of Calmat common stock at 33 dlrs to 37.55 dlrs a share, or a total of about 33.8 mln dlrs. Reuter  19-OCT-1987 10:57:38.91 acq usa M 
f1406reute d f BC-OREGON-STEEL-BUYS-KAI 10-19 0086  PORTLAND, Ore., Oct 19 - Kaiser Steel Corp's plant in Napa, Calif, has been purchased by Oregon Steel Mills for 16 mln dlrs, the privately owned Portland company said. The transaction was approved by the U.S. bankruptcy judge in Denver who is hearing Kaiser Steel's Chapter 11 reorganization case. James Mccaughey, former vice president of sales for Kaiser, has been named general manager for the plant, which will be called Napa Pipe Corp, Oregon Steel said. Reuter  19-OCT-1987 10:57:04.52 earn usa F 
f1404reute u f BC-UNISYS-CORP-<UIS>-3RD 10-19 0068  BLUE BELL, Pa., Oct 19 - Shr primary 68 cts vs 34 cts Shr diluted 65 cts vs 34 cts Net 129.7 mln vs 52.9 mln Revs 2.22 billlion vs 2.42 billion Avg shrs primary 152.1 mln vs 147.1 mln Avg shrs diluted 199.8 mln vs 147.1 mln Nine mths Shr primary 1.89 dlrs vs 1.00 dlrs Shr diluted 1.84 dlrs vs 1.00 dlrs Net 361.1 mln vs 145.1 mln Revs 6.91 billion vs 4.90 billion Avg shrs primary 151.0 mln vs 146.4 mln Avg shrs diluted 198.7 mln vs 146.4 mln NOTE: Earnings per share for 1986 have been restated to reflect 3-for-1 split effective July 8, 1987. Results for three and nine mths 1986 includes results from July 1, 1986, of Sperry Corp, acquired on Sept 16, 1986, with net income reflecting ownership in Sperry of about 51 pct for the months of July and August, and 100 pct for the month of Sept 1986. Revenue for 1986 periods reflects reclassification of revenue of divested Sperry operations to other income with no effect on net income. Reuter  19-OCT-1987 10:55:34.73 earn usa F 
f1398reute d f BC-WOBURN-FIVE-CENTS-SAV 10-19 0049  WOBURN, Mass., Oct 19 - Shr 24 cts vs 26 cts Net 959,000 vs 1,033,000 Assets 273.6 mln vs 236.3 mln Deposits 183.6 mln vs 173.9 mln Loans 133.3 mln vs 104.9 mln NOTE: Full name of company is Woburn Five Cents Savings Bank. Reuter  19-OCT-1987 10:55:28.00 usa F 
f1397reute s f BC-GOTAAS-LARSEN-SHIPPIN 10-19 0023  NEW YORK, Oct 19 - Semi div 12 cts vs 12 cts prior Pay Nov 10 Record Oct 27 Reuter  19-OCT-1987 10:54:45.17 earn usa F 
f1394reute d f BC-FIRST-FEDERAL-SAVINGS 10-19 0085  CHATTANOOGA, Tenn., Oct 19 - Shr 59 cts Qtly div eight cts vs eight cts prior Net 1,675,000 vs 1,302,000 Assets 613.3 mln vs 603.5 mln Deposits 523.7 mln vs 517.8 mln Loans 469.2 mln vs 449.5 mln NOTE: 1986 per share figures not available because bank converted to stock ownership Dec 18, 1986. Dividend payable Dec 11 to shareholders of record Nov 13. Full name of company is First Federal Savings and Loan Association of Chattanooga. Reuter  19-OCT-1987 10:54:23.33 crude usa Y F 
f1390reute r f BC-COASTAL-<CGP>-RAISES 10-19 0080  NEW YORK, Oct 19 - Coastal Corp said that effective October 16 it had raised posted prices for crude oil by 50 cts a barrel. The increase brings West Texas Intermediate to 9.00 dlrs a barrel and West Texas Sour to 18.10 dlrs a barrel. Sun Co <SUN> announced that it would make a 50 cts a barrel increase late Friday bringing WTI to 19.00 dlrs a barrel and traders said that other oil companies could be expected to increase prices. Reuter  19-OCT-1987 10:54:17.12 F A 
f1389reute f f BC-SALOMON-BROTHERS-INT' 10-19 0011  ******Blah blah blah.  19-OCT-1987 10:52:59.42 RM 
f1384reute f f BC-SALOMON-BROTHERS-INT' 10-19 0011  ******Blah blah blah.  19-OCT-1987 10:52:47.28 V RM 
f1382reute f f BC-DOW-JONES-INDUS 10-19 0008  ******Blah blah blah.  19-OCT-1987 10:52:24.24 livestockcarcasshog usa L 
f1379reute r f BC-STUDY-SAYS-PORK-LEANE 10-19 0119  Chicago, Oct 19 - An Iowa State University study showed pork contains considerably less fat than indicated by long-established U.S. Department of Agriculture statistics, the National Pork Producers Council (NPPC) said. Six of the seven muscle cuts evaluated in the study averaged 4.3 pct fat or less, well below American Heart Association guidelines for recommended foods. Eighty pct of all the raw boneless rib chops evaluated in the study contained less than six pct fat, the NPPC said. Meanwhile, USDA Handbook 8-10 - long used as the established authority on nutrient composition, indicates a fat content for center loin pork of 7.3 pct, the NPPC said. Robin Kline, a dietitian and Director of Consumer Affairs for the NPPC said he was not surprised at the wide discrepancy between the study and the USDA handbook. "Handbook 8-10 is based to a certain extent on information that has been accumulated over the past 30 years. The statistics in it about pork do not reflect the hog of today which is about 50 pct leaner than it was 20 or 30 years ago, thanks to genetic improvements and better feeding practices," Kline said. The study, funded by NPPC with producer checkoff money, evaluated pork carcasses from 47 Iowa producers in categories from 0.7 to 1.3 inches of backfat. Researchers measured the fat content of the seven muscles before cooking, and the fat, moisture and tenderness of cooked boneless rib chops. Reuter  19-OCT-1987 10:50:46.56 ipignpgrain ussr C G T M 
f1372reute d f BC-SOVIETS-OUTLINE-1988 10-19 0131  By Tony Barber MOSCOW, Oct 19 - The Soviet Union outlined its economic targets for 1988 on Monday, stressing the need to improve standards in the country's sluggish engineering industry. Planning chief Nikolai Talyzin told the Supreme Soviet industrial output should rise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987. It rose 3.6 pct in Jan-Sept 1987. Talyzin said national income, the nearest Soviet equivalent to gross national product, should rise by 4.3 pct against a planned 4.1 pct this year. Gross national product measures the output of a country's goods and services. He said the Kremlin planned to produce 235 mln tonnes of grain in 1988 versus a planned 232 mln this year. Moscow produced 210 mln tonnes in 1986. Kremlin leader Mikhail Gorbachev has described machine-builing as a sector whose rapid modernization is essential if the Soviet Union is to compete effectively on world markets. "Certain difficulties have arisen this year in the machine-building industry. The economy is not receiving a considerable amount of the equipment that it requires," said Talyzin, who heads the state planning committee GOSPLAN. Soviet data show the machine-building industry, which makes machine tools, instruments and other engineering goods, increased output by 3.3 pct in the first nine months of 1987 compared with the same period last year. However, this was far below the 7.3 pct increase planned for the industry for the whole of 1988. Talyzin said the ruling Politburo had concluded at a recent meeting that an improvement in economic performance depended to a large extent on conserving resources better. "Large-scale measures are planned to save resources," he said. Finance Minister Boris Gostev told the Supreme Soviet that defense spending in 1988 would total 32 billion dlrs, the same figure as was announced last year. Western governments view official Soviet estimates for defense spending as highly understated, but say the real figure is hard to calculate because Soviet military industries are intertwined with the civilian economy. Talyzin said the Kremlin also decided to increase spending next year on medical services, education, pensions and social insurance schemes. Reuter  19-OCT-1987 10:50:27.55 crude usairanussriraq Y 
f1371reute u f BC-TASS-DENOUNCES-U.S.-A 10-19 0117  MOSCOW, Oct 19 - The official Soviet news agency Tass denounced a U.S. Attack on an Iranian oil-drilling platform in the Gulf on Monday as military adventurism and said it would bring no dividends to the Reagan administration. Tass commentator Mikhail Krutikhin said the administration had embarked on an adventurist path in order to deflect attention from the scandal in which the United States sold arms to Iran and the profits were diverted to Nicaraguan rebels. "The confrontation is a fact now. What is obvious is that the latest military adventure will not bring political dividends to the American administration," Krutikhin said. Soviet leader Mikhail Gorbachev and Foreign Minister Eduard Shevardnadze abruptly left a parliamentary session earlier on Monday, sparking diplomatic speculation that they were concerned with an urgent matter of foreign affairs. Soviet officials have previously criticized the United States for sending naval forces into the Gulf, saying their presence serves to increase tension. Moscow is officially neutral in the war between Iran and Iraq. It is a major arms supplier to Iraq but has also sought broader contacts with Iran in the last year. Krutikhin said: "The United States has undertaken an act of armed aggression against Iran, the probability of which has long been spoken of by Washington officials." Reuter  19-OCT-1987 10:49:52.59 kuwaitsaudi-arabiaegyptmoroccoiraqqatarbahrain herrington Y 
f1369reute u f BC-U.S.-ENERGY-SECRETARY 10-19 0081  RABAT, Oct 19 - U.S. Energy Secretary John Herrington arrived in Rabat on Monday after a tour of the Gulf and the Middle East. Herrington, who is scheduled to meet King Hassan during his 24-hour official visit, said on arrival he would discuss regional and international issues with Moroccan leaders. Morocco is the last stop of a tour that has taken Herrington to Iraq, Kuwait, Qatar, Bahrain, Saudi Arabia and Egypt. REUTER  19-OCT-1987 10:48:27.92 ship switzerland F 
f1363reute h f BC-WORLD-TELECOMS-WATCHD 10-19 0121  GENEVA, Oct 19 - The International Telecommunications Union, which regulates communications worldwide, decided at the end of a five-week conference to allow mobile phone systems to be linked with satellites, telecommunications officials said. Until now, car phones have been linked with land stations and have been limited mainly to urban areas. The new ruling will make it easier for calls to be made from remote regions. The meeting, which finished over the weekend, also decided to allow a "radio determination satellite system," which would enable fleet owners to trace to within about 15 metres the movements of their lorries or cars or ships around the world. Reuter  19-OCT-1987 10:46:54.22 earn usa F 
f1354reute d f BC-INTERNATIONAL-RESEARC 10-19 0036  MATTAWAN, Mich., Oct 19 - Qtly div nine cts vs nine cts prior qtr Pay Nov 25 Record Nov 13 Note: Full name is International Research and Development Corp Reuter  19-OCT-1987 10:46:30.51 earn usa F 
f1353reute u f BC-ROHM-AND-HAAS-CO-<ROH 10-19 0043  PHILADELPHIA, Oct 19 - Shr 57 cts vs 54 cts Net 39.3 mln vs 37.3 mln Sales 540.9 mln vs 488.5 mln Nine mths Shr 2.30 dlrs vs 1.58 dlrs Net 158.8 mln vs 108.7 mln Sales 1.67 billion vs 1.60 billion Reuter  19-OCT-1987 10:46:04.79 usa F 
f1349reute u f BC-GEORGIA-GULF-<GGLF.O> 10-19 0074  ATLANTA, Oct 19 - Georgia Gulf Corp said on December One it plans to retire all 50 mln dlrs of its subordinated notes due through 1998, resulting in a charge of about 9,900,000 dlrs against fourth quarter results. The company also said its common stock, which now traded on the NASDAQ system, has been approved for New York Stock Exchange listing, and NYSE trading is to start November Two. Reuter  19-OCT-1987 10:44:53.04 acq F 
f1345reute f f BC-CALMAT 10-19 0014  ******Blah blah blah.  19-OCT-1987 10:44:48.48 acq usa F 
f1344reute u f BC-IDC-SERVICES-<IDCS.O> 10-19 0103  NEW YORK, Oct 19 - IDC Services Inc said a new company will begin a cash tender offer by October 26 to acquire all of IDC's outstanding common for 16 dlrs a share. The company said the offer is being made under a definitive agreement reached with the new company, IDC Acquisition Corp, formed by Apollo Partners Ltd and investment clients of <Equitable Capital Management Inc>. The agreement calls for the acquisition of IDC for about 62.4 mln dlrs. IDC Acquisition will also tender for all of IDC's outstanding nine pct convertible subordinated debentures. IDC said the merger agreement also provides for payment of an equivalent amount in respect of employee stock options to be cancelled in the merger. As part of the transaction, the company said, it granted IDC Acquisition an option to acquire up to 20 pct of the company's outstanding shares for 16 dlrs per share. It said the planned tender offer is subject to several conditions, including the tendering of over 50 pct of the company's outstanding stock. MIM Holdings Ltd <MIMA.S>, a substantial shareholder in IDC, has agreed it will not buy any additional IDC shares until February seven and has granted IDC Acquisition a right of first refusal on any IDC shares it sells during that period, the company said. It said Apollo Partners was recently organized by three former senior Viacom Inc <VIA> executives, Terrence A. Elkes, George C. Catell and Kenneth F. Gorman. Reuter  19-OCT-1987 10:43:13.77 F 
f1338reute f f BC-INTERNATIONAL-M 10-19 0012  ******Blah blah blah.  19-OCT-1987 10:42:46.46 earn usa F 
f1335reute u f BC-MONSANTO-CO-<MTC>-3RD 10-19 0076  ST. LOUIS, Oct. 19 - Shr 1.30 dlrs vs 1.85 dlrs Net 100,000,000 vs 144,000,000 Sales 1.90 billion vs 1.69 billion Nine mths Shr 5.01 dlrs vs 5.27 dlrs Net 392,000,000 vs 410,000,000 Sales 5.79 billion vs 5.31 billion Note: 1986 figures include 63 mln dlrs, or 81 cts a share, of net gains from facilities and businesses sold, shut down or impaired, and other non-recurring income and expenses Reuter  19-OCT-1987 10:40:34.02 usa F A RM 
f1323reute r f BC-CALFED-<CAL>-POSTS-RE 10-19 0100  LOS ANGELES, Oct 19 - CalFed Inc said strong loan volume and higher net increase income at its principal subsidiary, the California Federal Savings and Loan Association, contributed to the best third-quarter and nine-month results in the company's history. On a per-share basis, CalFed's fully diluted earnings were 1.80 dlrs for the third quarter of 1987 and 4.87 dlrs for the nine months ended Sept 30, 1987, compared with 1.75 dlrs and 4.76 dlrs in the comparable 1986 period. CalFed is a 23.1 bln dlr diversified financial-services company. "Key factors leading to the company's higher earnings were continued strong loan volume, an increase in net interest income and higher earnings from non-real estate sources," said George Rutland, president and chief executive officer of the firm of CalFed Inc. Net earnings in the third quarter of 1987 were 50 mln dlrs, a 3.1 pct gain over 48.5 mln in the same period last year. They increased 3.9 pct in the first nine months of this year compared with last year, totalling 134.6 mln dlrs against 129.6 mln. California Federal Savings and Loan Association contributed net earnings of 44.5 mln dlrs for the third quarter of 1987 compared with 43.4 mln for the third quarter of 1986. For the nine-month period ended Sept 30, it had net earnings of 116.3 mln dlrs against 114.9 mln in the comparable 1986 period. California Federal's net interest income for the third quarter of 1987 rose 18.1 pct to 131.6 mln dlrs, up from 111.4 mln for the third quarter of 1986. For the first nine months of 1987, it totalled 383 mln dlrs, a 13.9 pct increase over 336.2 mln in the comparable 1986 period. CalFed Inc said that the increase in its subsidiary's net interest income was a result of higher average balances of interest-earning assets for the savings and loan operations. CalFed said the savings and loan unit's loan originations were unchanged in the third quarter of 1987 compared with last year at 1.8 billion dlrs. But for the first nine months of 1987, they rose to 5.4 billion dlrs from 4.9 billion in 1996. California Federal's provision for loan losses rose to 19.4 mln dlrs in the 1987 third quarter compared with 15.5 mln last year and to 63.3 mln for first the nine months of 1987 compared with 30.6 mln. Reuter  19-OCT-1987 10:40:19.26 crude F Y 
f1321reute b f BC-COASTAL-SAID-RA 10-19 0015  ******Blah blah blah.  19-OCT-1987 10:40:16.88 usa RM F A 
f1320reute r f BC-BANK-PURCHASE-SLOWS-S 10-19 0111  LOS ANGELES, Oct 19 - Security Pacific Corp <SPC> said growth in its third-quarter earnings was slowed by the purchase of Rainier Bancorp and the suspension of interest payments on Brazilian and Ecuadorian loans that were placed on a non-accrual status earlier this year. The bank said it earned 128.1 mln dlrs in the third quarter, up from 118.3 mln a year earlier. On a per-share basis, income was 1.16 dlrs a share, up from 1.09 dlrs. The bank said non-recurring costs of 10.1 mln dlrs associated with the acquisition of Rainier, a 9.5-billion-dlr Seattle-based concern, cut earnings per share by nine cents. Security Pacific also said the suspension of interest payments on the Brazilian and Ecuadorian debt reduced net income by 8.1 mln dlrs, or seven cents a share. Security Pacific completed its acquisition of Rainier on August 31. Security Pacific's results have been restated to reflect the "pooling-of-interests" acquisition. "Our third-quarter performance was strong, clearly demonstrating the stability and balance in our earnings streams," said Richard Flamson, chairman and chief executive officer. "The addition of Rainier," he continued, "adds very significantly to the strength of our western banking network." The inclusion of Orbanco and Arizona Bancwest earnings affected comparison of most financial categories. Fully-taxable equivalent net interest income was 602.4 mln dlrs, up from 538.6 mln. The suspension of interest payments on Brazilizan and Ecuadorian debt reduced net interest income by 41.9 mln dlrs. Non-interest income rose to 471.6 mln dlrs from 412.1 mln. Third-quarter provision for credit losses was 89.6 mln dlrs, down 17.9 mln dlrs. As a percentage of average loans and lease financing, net credit losses were 0.68 pct, down from 0.79 pct a year earlier. Non-performing loans and leases were 2.038 billion dlrs at the end of the quarter, or 3.96 pct of loans and leases, up from 1.377 billion a year ago. Other non-interest expense, composed of staff and other expenses, was 757.6 mln dlrs, up from 616.2 mln. The rise included an increase in staff expenses to 379.7 mln dlrs from 313.0 mln dlrs. Excluding Orbanco and Arizona Bancwest, average loans grew 11 pct. Real estate and international loan growth had the greatest rises of 16 pct and 15 pct, respectively. Shareholders equity was 3.486 billion dlrs at the end of the third quarter, up from 3.381 billion. The primary capital ratio was 7.41 pct, based on period-end capital and quarterly average assets, up from 7.01 pct a year earlier. Reuter  19-OCT-1987 10:39:52.69 acq usa F 
f1318reute u f BC-IC-INDUSTRIES-<ICX>-M 10-19 0092  CHICAGO, Oct 19 - IC Industries Inc said its board approved a second major step in the reorganization and restructuring of the company. To implement the plan of sharpening its strategic focus on consumer goods and services, the company will give serious consideration to the sale of its Pneumo Abex, its aerospace and defense company, if it can realize a price which will return maximum value to shareholders. In 1986, Pneumo Abex had operating income of 118.1 mln dlrs on sales of 900.5 mln dlrs. IC said it will use the proceeds of any asset sale to invest in new high-return businesses in the consumer goods and services field. The company said it authorized a program to repurchase between 500 mln dlrs and 1.0 billion dlrs of IC's common stock from time to time when conditions warrant. It also said it will begin an immediate cost-reduction program to cust annual operating expenses by 50 mln dlrs. An IC spokesman said the cost-reduction program involved "across-the-board" cuts rather than specific about targeted areas. IC's board earlier approved a plan to spin off the company's Illinois Central Gulf Railroad to shareholders. The company's other major subsidiaries are Pet Inc, Pepsi-Cola General Bottlers, Midas International Corp and Hussmann Corp. Reuter  19-OCT-1987 10:39:19.25 F 
f1316reute f f BC-MIDDLE-SOUTH-UT 10-19 0010  ******Blah blah blah.  19-OCT-1987 10:38:58.29 V RM 
f1313reute f f BC-DOW-STOCK-MARKE 10-19 0007  ******Blah blah blah.  19-OCT-1987 10:38:48.10 earn usa F 
f1312reute r f BC-GEORGIA-GULF-CORP-<GG 10-19 0043  ATLANTA, Oct 19 - Shr 1.92 dlrs vs 58 cts Net 27.9 mln vs 9,480,000 Sales 176.4 mln vs 137.9 mln Nine mths Shr 3.87 dlrs vs 1.69 dlrs Net 56.7 mln vs 27.6 mln Sales 505.6 mln vs 438.5 mln Reuter  19-OCT-1987 10:37:33.06 earn usa F 
f1306reute u f BC-FINANCIAL-CORP-OF-AME 10-19 0073  IRVINE, Calif., Oct 19 - Shr loss 2.20 dlrs vs profit 24 cts Net loss 75.8 mln vs profit 11.6 mln Avg shrs primary 35.9 mln vs 36.5 mln Avg shrs diluted 39.3 mln vs 39.9 mln Nine mths Shr primary loss 7.04 dlrs vs profit 1.69 dlrs Shr diluted loss 7.04 dlrs vs profit 1.64 dlrs Avg shrs primary 35.9 mln vs 37.2 mln Avg shrs diluted 39.3 mln vs 46.6 mln Net loss 243.4 mln vs profit 72.2 mln Assets 33.4 billion vs 34.1 billion Loans 10.8 billion vs 12.0 billion Deposits 16.9 billion vs 17.0 billion NOTE: Net includes FSLIC sepcial assessment loss of 5,429,000 vs 5,193,000 in qtr 1987 vs 1986, and 16.3 mln vs 16.0 mln in nine mths 1987 vs 1986. Net includes gain from sale of mortgage-backed securities and loans of 12.4 mln vs 93.4 mln, and 139.7 mln vs 264.0 mln in nine mths 1987 vs 1986. Net includes gain from sale of investments of 64,000 in qtr 1987, and 157,000 vs 1,231,000 in nine mths 1987 vs 1986. Net includes provision for losses and discounts of 70.4 mln vs 76.2 mln in qtr 1987 vs 1986, and 315.7 mln vs 161.7 mln in nine mths 1987 vs 1986. Nine mths 1987 included write off of FSLIC secondary reserve of 22.7 mln. Reuter  19-OCT-1987 10:36:44.23 acq usa F 
f1303reute u f BC-ARNOX-<ARNX.O>-STILL 10-19 0046  GREENWICH, Conn., Oct 19 - Arnox Corp said a special committee of its board is continuing talks with <TXL Corp> on the terms of TXL's offer to acquire Arnox at 10 dlrs per share. It said TXL has arranged preliminary financing. Reuter  19-OCT-1987 10:36:18.85 earn usa F 
f1300reute u f BC-/J.P.-MORGAN-AND-CO-I 10-19 0083  NEW YORK, Oct 19 - shr profit 1.18 dlrs vs profit 1.15 dlrs net profit 219.2 mln vs profit 211.5 mln nine mths shr loss 84 cts vs profit 3.72 dlrs net loss 140.8 mln vs profit 682.4 mln assets 79.69 billion vs 71.99 billion loans 33.93 billion vs 35.33 billion deposits 45.68 billion vs 41.22 billion NOTE: 1987 nine mths include previously reported 875 mln dlr addition to loan loss reserve in 2nd qtr for ldc debts Reuter  19-OCT-1987 10:34:11.70 F 
f1288reute f f BC-ROHM-AND-HAAS-C 10-19 0008  ******Blah blah blah.  19-OCT-1987 10:34:01.20 F 
f1286reute f f BC-MONSANTO-CO-3RD 10-19 0008  ******Blah blah blah.  19-OCT-1987 10:33:57.68 trade thailandaustralia gattec C G T 
f1285reute r f BC-AUSTRALIA-SEES-CAIRNS 10-19 0113  BANGKOK, Oct 19 - Australian Minister for Trade Negotiations Michael Duffy said his country and Third World commodity producers have formed an effective lobby group against farm export subsidies and market access restrictions. Duffy told a press conference the Cairns Group of 14 major agricultural producers, to which Australia and Thailand belong, has emerged as an important third force in any multilateral trade talks. "There's no doubt that the Cairns Group is being seen as a third force to be reckoned with both inside the General Agreement on Tariffs and Trade and in other international trade negotiations," he said. Duffy, here on a three-day visit after talks in the United States, The European Community (EC) and Latin America, said considerable progress has been made by the group towards fighting costly protectionist policies pursued by developed countries. The minister said the EC Commission's new farm trade paper will recognise the heavy financial burdens imposed by its Common Agricultural Policy and its future expansion. He said the Reagan Administration has also displayed a determination to resist the currently strong protectionist sentiment in the U.S. Congress. Reuter  19-OCT-1987 10:32:01.15 boptrade turkey RM 
f1272reute u f BC-TURKEY-CURRENT-ACCOUN 10-19 0102  ANKARA, Oct 19 - Turkey's current account deficit widened in July to 674 mln dlrs from 454 mln in June but fell from 1.22 billion in July last year, the State Statistics Institute said. The cumulative trade position in July showed a 1.85 billion dlr deficit after 1.33 billion in June and 1.89 billion a year earlier, with exports at 4.91 billion and imports, both FOB, at 6.76 billion. The government aims to narrow the current account deficit for the whole of 1987 to 975 mln dlrs, compared with 1.52 billion last year, up from 1.01 billion in 1985. Bankers forecast the 1987 deficit will exceed one billion dlrs, because a spurt in exports is expected to slow considerably in the last five months following a massive drawdown of inventories. REUTER  19-OCT-1987 10:30:23.09 acq usa F 
f1268reute u f BC-IBC'S-INTERSTATE-BAKE 10-19 0082  NEW YORK, Oct 19 - IBC Acquisition Corp said it received about 8,857,807 Interstate Bakeries Corp shares in response to its tender offer for up to 8,053,181 shares that expired October 16, and it will purchase about 90.9 pct of the shares tendered. It said a final proration factor should be announced and payment for shares start October 26. IBC is made up of Interstate management, First Boston Inc <FBC> and George K. Braun and Co. Reuter  19-OCT-1987 10:30:01.20 acq usa F 
f1267reute r f BC-OREGON-STEEL-BUYS-KAI 10-19 0086  PORTLAND, Ore., Oct 19 - <Kaiser Steel Corp>'s plant in Napa, Calif., has been purchased by Oregon Steel Mills for 16 mln dlrs, the privately owned Portland company said. The transaction was approved by the U.S. bankruptcy judge in Denver who is hearing Kaiser Steel's Chapter 11 reorganization case. James Mccaughey, former vice president of sales for Kaiser, has been named general manager for the plant which will be called Napa Pipe Corp, Oregon Steel said. Reuter  19-OCT-1987 10:26:57.21 usa F 
f1251reute r f BC-AMERICAN-VISION-<AMVC 10-19 0097  NEW YORK, Oct 19 - American Vision Centers Inc said Michael C. Barlerin has been elected president and chief operating officer of the company, replacing Robert S. Cohen, who will remain a member of the company's board. Barlerin was previously senior vice president and director of marketing for Zale Corp. American Vision also said two Kay Corp <KAY> officers, Anthonie C. van Ekris and Thomas E. Hitselberger, and John C. Belknap, chief financial officer of Seligman and Latz Inc, were elected to American Vision's board. Kay last week completed the acqusition of 52 pct of American Vision's outstding shares. The new members will succeed Alan R. Cohen, Edward M. Cohen and Robert Gertler. Separately, American Vision said its board has approved a proposal to borrow up to 2.5 mln dlrs from Kay Acquisition Corp, a unit of Kay Corp, for additional working capital. The loan, which is subject to a number of conditions, would include a market rate of interest and would be in the form of a senior convertible debt instrument. American Vision owns and franchises retail eyecare stores. Reuter  19-OCT-1987 10:26:34.75 usa F 
f1248reute r f BC-MILLIPORE-CORP 10-19 0075  WASHINGTON, Oct 19 - Millipore Corp filed with the Securities and Exchange Commission for a proposed offering of up to 75 mln dlrs of convertible subordinated debentures due November 15, 2012. First Boston Corp and Alex. Brown and Sons Inc will act as underwriters for the proposed offering. Millipore said it will use proceeds from the offering to repay debt and for general corporate purposes. Reuter  19-OCT-1987 10:26:09.73 usa F 
f1244reute r f BC-XIDEX-<XIDX.O>-NAMES 10-19 0058  PALO ALTO, Calif., Oct 19 - Xidex Corp said Lester L. Colbert Jr. will be succeeded as president and chief executive officer by executive vice president and chief operating officer Bert Zaccaria but will remain chairman. The company said Colbert has decided to take a less active role in management. Reuter  19-OCT-1987 10:25:54.10 usa F 
f1243reute r f BC-CMS-<CMS>-CITES-HIGHE 10-19 0113  JACKSON, MICH., Oct 19 - CMS Energy Corp, parent of Consumers Power Co, said the fivefold improvement in its third quarter earnings was the result of higher electric sales. The company also cited its ongoing refinancing program which it said significantly reduced high-cost debt and preference stock, and capitalized interest on assets which will be used in the company's Midland cogeneration venture. CMS reported quarterly earnings of 56.0 mln dlrs, or 65 cts a share, up from 8.8 mln dlrs, or 10 cts a share a year earlier. It said electric sales were up 4.6 pct due to continued economic growth and warmer than normal weather. Reuter  19-OCT-1987 10:25:13.75 usa F 
f1242reute d f BC-DAHLBERG-<DAHL.O>-COM 10-19 0079  MINNEAPOLIS, Oct 19 - Dahlberg Inc said it completed a previously announced agreement with Sears, Roebuck and Co to operate hearing aid centers in sears stores on a national basis. Dahlberg currently operates some 142 hearing aid centers on a concession basis in Sears stores. In connection with the program, the company said it granted Sears an option to buy up to 300,000 shares of Dahlberg stock at 12 dlrs a share. Reuter  19-OCT-1987 10:24:18.32 usa F 
f1239reute d f BC-ALLIANT-COMPUTER-INTR 10-19 0078  LITTLETON, Mass., Oct 19 - Alliant Computer Systems Corp <ALNT.O> said it introduced a parallel vector minisupercomputer priced at less than 100,000 dlrs. The company said the new FX/4 makes multi-user supercomputing affordable for the first time to workgroups in industrial and commercial markets. The company said it also introduced high-performance compiler and algorithm products for the FX/Series systems. Alliant said it achieved the low price for the FX/4 through a combination of new packaging technology and cost decreases due to semiconductor price improvements and manufacturing efficiencies. The company also released the FX/C compiler, which it said can double the performance of C programs. The company said its newly released algorithm products, the FX/Linpack and FX/Eispack libraries, are collections of mathematical subroutines that programmers can call from all Alliant languages. Reuter  19-OCT-1987 10:24:10.61 acq usa F 
f1238reute r f BC-CARSON-PIRIE-<CRN>-TO 10-19 0109  CHICAGO, Oct 19 - Carson Pirie Scott and Co said it plans to start mailing proxy materials to stockholders in connection to a November 16 special meeting at which holders will be asked to consider a previously announced agreement with Greyhound Corp <G>. Under the agreement, Greyhound will acquire, in a merger, three of the company's foodservice operations - Dobbs International Services, Dobbs Houses and Carson international. If the transaction is approved, Carsons said its stockholders will receive 30 dlrs cash and one share of common in the new Carson Pirie Scott and Co for each share held. Reuter  19-OCT-1987 10:23:29.35 philippines RM 
f1235reute u f BC-PHILIPPINE-SENATE-ACT 10-19 0115  MANILA, Oct 19 - The Philippine Senate approved a proposal to repay loans owed by a private company to speed up the signing of a 13.2 billion dlr rescheduling agreement with foreign banks. It concerns a Barclays Bank managed loan to fertilizer company Planter Products Inc, said Teofisto Paterno, chairman of the foreign debt committee. President Corazon Aquino had accused some creditor banks of "non-too-subtle coercion" in threatening to refuse to sign the rescheduling accord until the loan problem was settled. Over 30 of Philippines' 483 creditor banks still have to sign the agreement before the November 15 deadline. REUTER  19-OCT-1987 10:23:17.49 earn usa F 
f1234reute r f BC-HOME-SAVINGS-BANK-<HM 10-19 0067  NEW YORK, Oct 19 - Shr 57 cts Net 6,889,000 vs 10.7 mln Nine mths Shr 1.67 dlrs Net 20.1 mln vs 22.9 mln Assets 1.63 billion vs 1.47 billion Deposits 1.17 billion vs 1.19 billion Loans 1.25 billion vs 936.5 mln NOTE: 3rd qtr and nine mths 1986 per share figures not available because bank converted to stock form Nov 28, 1986. Reuter  19-OCT-1987 10:23:09.86 acq usa F 
f1233reute u f BC-WOOLWORTH-<Z>-COMPLET 10-19 0106  NEW YORK, Oct. 19 - FW Woolworth and Co said that 2,223,996 shares of Armel Inc's <AML> common stock were tendered to and accepted for payment by Woolworth, under the terms of the previosuly announced cash tender offer which expired at 2400 midnight EDT on October 16. In addition, Woolowrth said 137,367 Armel shares have been tendered subject to guaranteed delivery. Woolowrth said as a result of the tender offer and options which it has exercised to purchase Armel stock, FWW Acquisiton Corp, a Woolworth unit, today expects to own about 91.75 pct of Amrel's outstanding stock. Woolworth said the percent it owns does not include 583,650 Class A shares of Armel, which were tendered or will be purchased pursuant to the options. As previuosly announced, FWW will now proceed with the cash merger in which all shares of Armel, other than those held by FWW or Woolworth, will be entitled to receive 7.75 dlrs per share. Woolworth said it expects to consummate the deal later this year. Armel is a specialty retailer of a broad line of athletic and leisure footwear, accessories and other sportswear. Reuter  19-OCT-1987 10:22:36.51 earn usa F 
f1229reute r f BC-PLAINS-PETROLEUM-CO-< 10-19 0067  LAKEWOOD, Colo., Oct 19 - Shr 15 cts vs 13 cts Net 1,352,000 vs 1,210,000 Revs 5,953,000 vs 3,309,000 Nine mths Shr 36 cts vs 27 cts Net 3,257,000 vs 2,416,000 Revs 16.6 mln vs 9,705,000 NOTE: If FASB adopts accounting changes, then 1987 3rd qtr per share results will be restated to 22 cts, and 54 cts a share for 1987 nine mths. Reuter  19-OCT-1987 10:22:25.54 earn usa F 
f1227reute d f BC-WELLS-GARDNER-CORP-<W 10-19 0048  CHICAGO, Oct 19 - Shr profit three cts vs loss two cts Net profit 107,000 vs 87,000 loss Revs 6,769,000 vs 4,992,000 Nine mths Shr profit 21 cts vs loss nine cts Net profit 778,000 vs loss 314,000 Revs 21.9 mln vs 13.9 mln Reuter  19-OCT-1987 10:21:11.98 usa F 
f1219reute d f BC-SUN-MICRO'S-<SUNW.O> 10-19 0100  BERKELEY, Calif., Oct 19 - Sun Microsystems Co's TOPS subsidiary said it will have upgraded versions of its NetPrint and LAN -- local area network -- software packages available early next month. The company said version 2.0 of its NetPrint will be available November 10 at a suggested retail price of 189 dlrs. NetPrint is software that enables International Business Machines Corp <IBM> personal computers and compatibles print directly to Apple Computer Inc <AAPL.O> LaserWriters or other PostScript compatible printers on an AppleTalk network. TOPS said it will begin shipping version 2.0 of its LAN software packages providing file sharing among Apple macintosh computers, IBM PCs and compatibles, and UNIX-based systems to retailers November six. It said the TOPS/DOS version 2.0, which will have a suggested retail price of 189 dlrs, allows PCs on the network to access dedicated printers fomerly availabe to only one user. The TOPS/Macintosh version 2.0, also listed at 189 dlrs, introduces a "remember" function that allows users to make files available to the network and access remote files automatically. In addition, the software is now fully compatible with all Apple File Protocol applications. Both LAN's include FlashTalk, a recently announced PC-to-PC communications architecture that operates at three-times TOPS' AppleTalk speed and is slated to sell for 239 dlrs. Reuter  19-OCT-1987 10:20:37.86 acq usa F 
f1215reute r f BC-BRINKMANN-INSTRUMENTS 10-19 0115  WASHINGTON, Oct 19 - New York-based Prospect Group Inc <PROSZ.O> said it acquired 527,000 shares of Brinkmann Instruments Inc common stock, or 14.3 pct of the scientific instrument maker's common stock outstanding. In a filing with the Securities and Exchange Commission, Prospect Group said it bought the 527,000 Brinkmann shares in open market transactions between August 12 and October 16 at 9.62 dlrs to 11.50 dlrs, or a total of 5.69 mln dlrs. Prospect Group said it bought the stock "to establish a significant minority equity interest in the company," but does not intend to seek control of Brinkmann at the present time. Prospect Group said it will review its investment objectives regarding Brinkmann as warranted by market conditions, the company's performance, and other factors including discussions with Brinkmann management. Reuter  19-OCT-1987 10:19:45.31 F 
f1212reute f f BC-IC-INDUSTRIES-A 10-19 0015  ******Blah blah blah.  19-OCT-1987 10:19:14.69 acq F 
f1209reute f f BC-IC-INDUSTRIES-S 10-19 0013  ******Blah blah blah.  19-OCT-1987 10:17:52.03 acq usa F 
f1197reute u f BC-BERKEY 10-19 0108  WASHINGTON, Oct 19 - Warner Communications Inc said its Warner Communications Investors Inc unit acquired stock and warrants representing 416,668 shares of Berkey Inc common stock, or the equivalent of 8.2 pct of the company's common stock outstanding. In a filing with the Securities and Exchange Commission, Warner Communications Investors said it paid about one mln dlrs to Berkey on September 23 to acquire 104,167 shares of Berkey Series B convertible preferred stock. The preferred stock is convertible into 208,334 Berkey common shares, and warrants to buy another 208,334 shares. Warner Communications and its subsidiary said the Berkey stock is held as an investment which they will review and evaluate from time to time. Reuter  19-OCT-1987 10:16:35.12 earn usa F 
f1187reute u f BC-AMERICAN-CYANAMID-CO 10-19 0069  WAYNE, N.J., Oct 19 - Oper shr 59 cts vs 49 cts Oper net 54.7 mln vs 44.8 mln Sales 1.04 billion vs 921.4 mln Nine mths Oper shr 2.22 dlrs vs 1.62 dlrs Oper net 203.8 mln vs 150.4 mln Sales 3.14 billion vs 2.87 billion Avg shrs 91.6 mln vs 93.1 mln NOTE: 1986 share data restated to reflect 100 pct stock dividend distributed June 12 1987 operating net in both periods excludes additional gain of 11.6 mln dlrs, or 13 cts a share, associated with 1985 sale of Formica Brand Products Group business 1987 nine month operating net includes pre-tax gain of 12.0 mln dlrs, equal to about 13 cts a share, from sale of Jacqueline Cochran businesses Reuter  19-OCT-1987 10:16:08.35 earn usa F 
f1184reute u f BC-TANDY-CORP-<TAN>-1ST 10-19 0031  FORT WORTH, Texas, Oct 19 - Shr 71 cts vs 49 cts Net 64.3 mln vs 43.7 mln Revs 838.2 mln vs 742.6 mln Avg shrs 89.9 mln vs 89.9 mln Reuter  19-OCT-1987 10:15:55.43 earn usa F 
f1182reute b f BC-BELL-ATLANTIC-C 10-19 0058  PHILADELPHIA, Oct 19 - Shr 1.62 dlrs vs 1.49 dlrs Net 321.8 mln vs 297.9 mln Revs 2.59 billion vs 2.49 billion Avg shrs 198.8 mln vs 199.5 mln Nine mths Shr 2.80 dlrs vs 4.48 dlrs Net 955.4 mln vs 895.2 mln Revs 7.70 billion vs 7.32 billion Avg shrs 199.0 mln vs 199.7 mln Reuter  19-OCT-1987 10:14:54.00 earn usa F 
f1178reute u f BC-WANG-LABORATORIES-INC 10-19 0046  LOWELL, Mass., Oct 19 - Shr profit 14 cts vs loss 19 cts Net profit 22.5 mln vs loss 30.0 mln Revs 693.0 mln vs 597.9 mln Avg shrs 166.0 mln vs 154.2 mln NOTE: Prior year net includes five mln dlr tax credit. Reuter  19-OCT-1987 10:14:27.33 earn usa F 
f1176reute u f BC-BROCKWAY-INC-<BRK>-3R 10-19 0053  JACKSONVILLE, Fla., Oct 19 - Shr 98 cts vs 70 cts Net 12.3 mln vs 8,699,000 Sales 284.7 mln vs 280.7 mln Nine mths Shr 2.83 dlrs vs 2.23 dlrs Net 35.3 mln vs 27.6 mln Sales 824.6 mln vs 818.4 mln NOTE: Share adjusted for December 1986 three-for-two split. Reuter  19-OCT-1987 10:13:41.72 acqcrudenat-gas usa F Y 
f1174reute u f BC-NUI-<NUI>-MAY-SPIN-OF 10-19 0090  BRIDGEWATER, N.J., Oct 19 - NUI Corp said it is studying the feasibility of spinning off nonutility subsidiaries to shareholders. The company said its propane disution, natural gas spot marketing, data processing, oil and natural gas exploration and production, natural gas gathering and underground pipe replacement businesses had sales for the year ended September 30 of about 74 mln dlrs, or about 25 pct of total company sales. NUI's major subsidiary is utility Elizabethtown Gas. Reuter  19-OCT-1987 10:13:13.18 F 
f1172reute f f BC-UNISYS-CORP-3RD 10-19 0007  ******Blah blah blah.  19-OCT-1987 10:13:03.47 acq usa F 
f1171reute u f BC-TELEX-<TC>-MAY-SEEK-O 10-19 0089  TULSA, Oct 19 - Telex Corp said its board has directed management and financial advisor Drexel Burnham Lambert Inc to investigate possible alternatives to the tender offer of Asher Edelman's TLX Partners for all Telex shares that may include seeking other purchasers for Telex. The company said the board at an October 16 meeting decided to defer until a board meeting later this week a recommendation on the Edelman offer and said the board expects to make a recommendation by October 23. Reuter  19-OCT-1987 10:12:46.57 F 
f1169reute f f BC-FINANCIAL-CORP 10-19 0012  ******Blah blah blah.  19-OCT-1987 10:11:29.96 acq F 
f1166reute f f BC-IBC-ACQUISITION 10-19 0011  ******Blah blah blah.  19-OCT-1987 10:08:30.32 money-fxinterest switzerlandwest-germany james-bakergreenspan RM 
f1154reute u f BC-SWISS-ANALYSTS-SAY-MO 10-19 0109  By Donald Nordberg and Michael Shields ZURICH, Oct 19 - Today's sharp sell-off of Swiss stocks and matching falls around Europe may have been overdone, but the mood on financial markets is precarious, Swiss securities analysts and economists said. Panic selling took Swiss shares down six pct at the opening on enormous volume, triggered by the slide on Wall Street and the threat of renewed currency instability. "I have never experienced anything like this, and I've been in the business for 20 years," said Bernhard Wyttenbach, head of European research at Union Bank of Switzerland. The analysts blamed the sell-off in Europe on U.S. Monetary authorities. This weekend, U.S. Treasury Secretary James Baker publicly voiced his displeasure with West German monetary policy. He said the eight-month-old Louvre accord to stabilise currencies was still working, but added: "On the other hand, we will not sit back and watch surplus countries jack up interest rates and squeeze growth on the expectation that the United States will raise rates." Hans Peter Ast of Societe Generale Alsacienne (Sogenal) in Zurich said: "The situation is very dangerous. Statements by the U.S. Authorities have fuelled anxiety about interest rates." Herbert Fritschi, director of Zurich Cantonal Bank's financial research department, called the sell-off "overdone," but warned that the situation could worsen unless central banks loosen their monetary policy. "I think the trend toward higher interest rates is over," he said. "The Federal Reserve and the Bundesbank have to step in with an easy money policy, or else there is going to be an economic catastrophe. They have to act quickly." Wyttenbach said the "Black Monday" sell-off was clearly exaggerated, with Swiss Reinsurance Co participation certificates falling 20 pct in value at one point. But Wyttenbach said he did not believe that a correction would come soon. First, the bad news will reach small investors only in time for tomorrow's market, when there could be another, smaller selling wave. "As soon as the dollar stabilises -- and that's the key -- then we'll get a strong movement upward," Wyttenbach said. But that may not come soon. "People are simply worried that in America, where the market has now fallen by 18 pct since August, the bull market is over," he said. "People are afraid that we'll have a recession in 1988." Baker was wrong to blame the West Germans for the current problems and the weak dollar, Wyttenbach said. "We do not have a mark problem, we have a dollar problem," he added, but said the biggest culprit was the new chairman of the U.S. Federal Reserve Board, Alan Greenspan. Wyttenbach recalled that Greenspan had suggested that the dollar might be too high in the medium term and that interest rates might have to rise. "As a central banker he shouldn't do that," Wyttenbach said. "There is a danger that we will fall back into the 1970s," he said. "We have a real crisis of confidence in Greenspan. I would much rather have a Volcker." Paul Volcker retired as Fed chairman on August 11. Cantonal Bank's Fritschi said: "I'm relatively optimistic because the situation looks too bad. The Fed certainly has to intervene." He said he did not expect the Swiss National Bank to take any significant steps, adding that the focus of attention remains on the United States. "The panic started in New York, it has to end there." The Cantonal Bank sent an advisory to customers suggesting they not sell into a panicked market, but wait a while before deciding what to do. REUTER  19-OCT-1987 10:04:35.30 ipi ussr RM 
f1136reute u f BC-SOVIET-UNION-SETS-4.5 10-19 0098  MOSCOW, Oct 19 - Soviet Planning chief Nikolai Talyzin told the Supreme Soviet (parliament) industrial output is planned to rise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987. In the first nine months of this year, industrial output rose by 3.6 pct. Talyzin said national income, the nearest Soviet equivalent to gross national product, is planned to rise by 4.3 pct against a planned 4.1 pct this year. He said grain production is planned at 235 mln tonnes in 1988, compared with a planned 232 mln this year. The Soviet Union produced 210 mln tonnes of grain in 1986 and the Soviet press has said heavy rain has affected the harvest this year. Talyzin said the 1988 Soviet plan stressed the engineering industry, which Kremlin leader Mikhail Gorbachev has described as a sector where rapid modernisation is essential if the Soviet Union is to compete effectively on world markets. "Certain difficulties have arisen this year in the machine-building industry. The economy is not receiving a considerable amount of the equipment that it requires," said Talyzin, who heads the state planning committee Gosplan. Soviet data show the machine-building industry, which makes machine tools, instruments and other engineering goods, increased output by 3.3 pct in the first nine months of this year against the same period of 1986. This is well below the 7.3 pct rise planned for the industry for all of 1988. Talyzin said the ruling Politburo concluded at a recent meeting that an improvement in economic performance depended to a large extent on conserving resources better. "Large-scale measures are planned to save resources," he said. Finance Minister Boris Gustev told the Supreme Soviet defence spending in 1988 would total 20.2 billion roubles, the same as announced last year. Talyzin said the Kremlin also had decided to increase spending next year on medical services, education, pensions and social insurance schemes He said state expenditures in these fields would reach 171 billion roubles in 1988, or 3.5 billion roubles more than had originally been envisaged in the 1986-1990 Five-Year Plan. REUTER  19-OCT-1987 10:03:19.00 F 
f1132reute f f BC-BELL-ATLANTIC-C 10-19 0009  ******Blah blah blah.  19-OCT-1987 09:58:01.89 F 
f1113reute f f BC-J.P.-MORGAN-AND 10-19 0010  ******Blah blah blah.  19-OCT-1987 09:57:33.00 usa C G 
f1111reute d f BC-KANSAS-CITY-EXCHANGE' 10-19 0096  WASHINGTON, Oct 19 - The Commodity Futures Trading Commission (CFTC) said the Kansas City Board of Trade's (KCBT) one-minute audit trail system was adequate and accurate. But in its second rule enforcement review of an exchange's audit trail system, CFTC said KCBT needed to provide a more accurate indication of the percent of trades that meet the one-minute timing standard. CFTC also recommended the exchange develop a computerized program to compare time and sales prints to the record of trades in its trade register. Reuter  19-OCT-1987 09:56:07.10 acq F 
f1105reute f f BC-IDC-SERVICES-AG 10-19 0014  ******Blah blah blah.  19-OCT-1987 09:55:39.67 usa F 
f1103reute u f BC-COOPER-COMPANIES 10-19 0078  WASHINGTON, Oct 19 - Cooper Companies Inc filed with the Securities and Exchange Commission for a proposed offering of up to 300 mln dlrs of senior extendible notes set to mature on January 1, 1993. Drexel Burnham Lambert Inc will act as an underwriter for the proposed offering, Cooper said. Proceeds from the offering will be used to repay debt, for general corporate purposes, and to support future growth. Reuter  19-OCT-1987 09:52:59.85 acq usa F 
f1090reute u f BC-MANAGEMENT-GROUP-HAS 10-19 0073  NEW YORK, Oct 19 - Restaurant Associates Industries Inc said the management group led by chairman Martin Brody and president Max Pine through October 16 had received 1,796,727 Class A and 1,766,091 Class B shares in response to its tender offer for all shares at 18 dlrs each, giving thema majority of each class of shares. The company said the tender has been extended until November 6. Reuter  19-OCT-1987 09:52:19.08 earn usa F 
f1089reute u f BC-XIDEX-CORP-<XIDX.O>-1 10-19 0045  PALO ALTO, Calif., Oct 19 - Shr 13 cts vs 22 cts Net 5,452,000 vs 9,789,000 Sales 155.7 mln vs 135.1 mln NOTE: Prior year net includes gain 6,556,000 dlrs from sale of shares of Seagate Technology Corp <SGAT.O>. Reuter  19-OCT-1987 09:52:04.56 earn usa F 
f1087reute u f BC-CALFED-INC-<CAL>-3RD 10-19 0045  LOS ANGELES, Oct 19 - shr 1.99 dlrs vs 2.05 dlrs diluted shr 1.80 dlrs vs 1.75 dlrs net 50.0 mln vs 48.5 mln nine months shr 5.37 dlrs vs 5.69 dlrs diluted shr 4.87 dlrs vs 4.76 dlrs net 134.6 mln vs 129.6 mln Reuter  19-OCT-1987 09:49:06.45 F 
f1076reute f f BC-TANDY-CORP-1ST 10-19 0007  ******Blah blah blah.  19-OCT-1987 09:48:06.25 C L 
f1071reute u f BC-slaughter-guesstimate 10-19 0063  CHICAGO, Oct 19 - Chicago Mercantile Exchange floor traders and commission house representatives are guesstimating today's hog slaughter at about 305,000 to 320,000 head versus 291,000 a week ago and 282,000 a year ago. Cattle slaughter is guesstimated at about 128,000 to 132,000 head versus 128,000 week ago and 130,000 a year ago. Reuter  19-OCT-1987 09:47:13.21 usa F 
f1064reute u f BC-GENCORP-<GY>-SEEKS-RE 10-19 0093  WASHINGTON, Oct 19 - Gencorp's RKO General said it has asked the Federal Communication scommission to reverse an administrative law judge's decision to revoke all 14 of the company's broadcast licenses. RKO General said "the decision was based on allegations of misconduct that are either in error or have no bearing on our fitness as a broadcaster." It said the decision did not challenge the quality of our broadcasting. Yet, if the decision is allowed to stank, it will destroy our right to broadcast." Reuter  19-OCT-1987 09:46:57.37 earn usa F 
f1062reute b f BC-/SECURITY-PACIFIC-COR 10-19 0070  LOS ANGELES, Oct 19 - Shr 1.16 dlrs vs 1.09 dlrs Net 128.1 mln vs 118.3 mln Avg Shrs 108.8 mln vs 105.7 mln Nine Months Shr 40 cts vs 3.12 dlrs Net 53.2 mln vs 335.1 mln Avg Shrs 108.0 mln vs 105.2 mln Note: Prior-period data have been restated to include on a pooling-of-interest basis the August 31, 1987, acquisition of Rainier Bancorporation. Reuter  19-OCT-1987 09:46:51.89 earn usa F 
f1061reute b f BC-PHELPS-DODGE-CORP-<PD 10-19 0062  PHOENIX, Ariz., Oct 19 - Shr 1.77 dlrs vs 60 cts Net 58.2 mln vs 19.4 mln Revs 377.4 mln vs 188.0 mln Nine mths Shr 3.10 dlrs vs 1.51 dlrs Net 100.3 mln vs 50.6 mln Revs 1.11 billion vs 639.7 mln NOTE: 3rd qtr 1987 net includes about 3,000,000 dlrs after-tax extraordinary gain on retirement of debt. Reuter  19-OCT-1987 09:46:37.75 earn usa F 
f1058reute b f BC-CRANE-CO-<CR>-3RD-QTR 10-19 0052  NEW YORK, Oct 19 - Shr 70 cts vs 54 cts Net 16.7 mln vs 12.5 mln Revs 343.6 mln vs 323.1 mln Avg shrs 23.9 mln vs 24.8 mln Nine mths Shr 1.98 dlrs vs 1.23 dlrs Net 46.9 mln vs 27.8 mln Revs 960.5 mln vs 893.2 mln Avg shrs 24.2 mln vs 24.9 mln NOTE: 1986 figures reflect the adjustment for 3-for-2 split in May 1987. Net for nine mths 1987 includes a cumulative effect of a change in accounting for gain on pension assets reversion of 10.1 mln or 42 cts a shr. Reuter  19-OCT-1987 09:46:29.71 usa F 
f1057reute b f BC-ATT-<T>-PLANS-COMPUTE 10-19 0108  NEW YORK, Oct 19 - American Telephone and Telegraph Co said it plans to build a new computer that incorrates a unified version of its UNIX System IV operating system and Sun Microsystems Inc's recently annouced SPARC micropocessor. The SPARC chip is based on reduced instruction-set computing, or RISC, technology. ATT said the version of UNIX used by the new computer will incorporate po;ular features of the Berkeley 4.2 system, a dirative of the UNIX system used widely in scientific and engineering markets, as well as features of SunOs, a variant of the Berkely system sold by Sun. ATT said it would take 18 months to two years to develop new computers based on the Sun microchip and the merged version of the UNIX operating system. Vittorio Cassoni, president of ATT's newly-formed Data Systems Group, said the company will not offer the new machines until the merged version of UNIX is completed. "It's the software that will determine the availability of products based on SPARC," he said. Eventually ATT's entire line of 3B mini computers will be converted to the SPARC architecture, Cassoni said. The investment of all current users will be protected, meaning that they will be able to maintain the software used on the current 3B line, he said. Cassoni also said ATT's sales of computers declined in the first nine months of the year compared with the first nine months of last year. The lower sales were primarily the result of ATT's transition to a new line of computers, he said. However, "demand for the new products is way, way above expectation," he stated. Reuter  19-OCT-1987 09:44:48.82 F 
f1050reute f f BC-AMERICAN-CYANAM 10-19 0010  ******Blah blah blah.  19-OCT-1987 09:43:30.16 acq F 
f1041reute f f BC-TELEX-CORP-TO-I 10-19 0015  ******Blah blah blah.  19-OCT-1987 09:38:49.47 earn usa F 
f1031reute b f BC-LOTUS-DEVELOPMENT-COR 10-19 0065  CAMBRIDGE, Mass., Oct 19 - Shr 42 cts vs 21 cts Net 19.1 mln vs 9,528,000 Sales 101.2 mln vs 65.6 mln Avg shrs 46.0 mln vs 46.0 mln Nine mths Shr 1.08 dlrs vs 69 cts Net 49.1 mln vs 32.7 mln Sales 280.0 mln vs 201.0 mln Avg shrs 45.6 mln vs 47.4 mln NOTE: Share adjusted for February 1987 two-for-one split. Reuter  19-OCT-1987 09:36:55.80 F 
f1024reute f f BC-WANG-LABORATORI 10-19 0011  ******Blah blah blah.  19-OCT-1987 09:36:20.16 shipcrude cyprusiranusa Y 
f1022reute b f BC-IRAN-SAYS-U.S.-NAVAL 10-19 0036  NICOSIA, Oct 19 - Iran said U.S. Naval forces attacked two of its oil platforms in the southern Gulf on Monday afternoon, the Iranian news agency IRNA reported. IRNA, received in Nicosia, said an informed source at the Iranian oil ministry identified the two platforms as Resalat and Reshadat, about 60 miles from Iran's Lavan island oil storage site. Regional shipping sources earlier said three Iranian offshore oil sites at Sassan, Rostam and Rakhsh had been attacked at 7.00 A.M. (0300 GMT) on Monday by unidentified aircraft. In Washington, U.S. Defence Secretary Caspar Weinberger said four U.S. Destroyers attacked and destroyed an Iranian oil platform about 120 miles east of Bahrain. REUTER  19-OCT-1987 09:35:19.14 cme F 
f1020reute f f BC-CHICAGO-MERC'S 10-19 0013  ******Blah blah blah.  19-OCT-1987 09:31:59.94 RM V 
f1011reute f f BC-WALL-STREET-STO 10-19 0007  ******Blah blah blah.  19-OCT-1987 09:31:05.73 F 
f1003reute f f BC-BROCKWAY-INC-3R 10-19 0007  ******Blah blah blah.  19-OCT-1987 09:30:51.30 earn usa F 
f1000reute r f BC-SOUTHWEST-BANCORP-<SW 10-19 0081  VISTA, Calif., Oct 19 - Oper shr loss 82 cts vs profit 12 cts Oper net loss 4,134,000 vs profit 544,000 Avg shrs 5,030,000 vs 3,927,000 Nine mths Oper shr loss 80 cts vs profit 32 cts Oper net loss 3,615,000 vs profit 1,457,000 Avg shrs 4,557,000 vs 3,927,000 NOTE: 1986 net excludes tax loss carryforwards of 105,000 dlrs in quarter and 195,000 dlrs in nine mths. 1986 quarter net includes 212,000 dlr tax credit. 1987 net both periods includes 3,700,000 dlr addition to loan loss reserves due mostly to one out-of-state real estate transaction. Reuter  19-OCT-1987 09:29:50.98 earn usa F 
f0994reute r f BC-GATX-CORP-<GMT>-3RD-Q 10-19 0053  CHICAGO, Oct 19 - Shr 95 cts vs 36 cts Net 9,100,000 vs 3,300,000 Revs 143.7 mln vs 132.4 mln Avg shrs 9,884,000 vs 9,780,000 Nine mths Shr 2.77 dlrs vs 1.49 dlrs Net 26,600,000 vs 19,000,000 Revs 401.8 mln vs 385.2 mln Avg shrs 9,871,000 vs 12,565,000 NOTE: 1986 earnings include a loss from discontinued operations of 1,000,000 dlrs, or 10 cts a share in the quarter and a gain of 2,500,000 dlrs, or 19 cts a share for the nine months Reuter  19-OCT-1987 09:29:34.86 kenya RM 
f0993reute u f BC-KENYA-DEBT-SERVICING 10-19 0092  NAIROBI, Oct 19 - Rising service payments on Kenya's three billion dlr external debt will absorb nearly all the 1.1 billion dlrs of foreign aid likely over the next four years, President Daniel arap Moi said. "While we expect to receive 18.3 billion Kenyan shillings in the form of external loans for our development programs in the next four years, we will be repaying more than 13.5 billion... By way of external debt servicing...," Moi told a conference of American businessmen in Nairobi. The president added that if developing countries continue to experience foreign exchange outflows on this scale, many will be unable to sustain a level of imports necessary to ensure economic growth. He called on the international community to ensure a real transfer of resources from the industrialised to the developing countries. Moi said Kenya had so far met all obligations regarding its foreign debt, which his government has never tried to reschedule. REUTER  19-OCT-1987 09:27:06.67 F 
f0986reute f f BC-LOTUS-DEVELOPME 10-19 0009  ******Blah blah blah.  19-OCT-1987 09:25:04.53 earn usa F 
f0977reute b f BC-MICROSOFT-CORP-<MSFT. 10-19 0025  REDMOND, Wash., Oct 19 - Shr 38 cts vs 29 cts Net 21.3 mln vs 15.8 mln Revs 102.6 mln vs 66.8 mln Reuter  19-OCT-1987 09:22:52.77 F 
f0970reute f f BC-GENCORP-SAID-IT 10-19 0013  ******Blah blah blah.  19-OCT-1987 09:20:24.63 earn usa F 
f0959reute r f BC-CMS-ENERGY-CORP-<CMS> 10-19 0057  JACKSON, MICH., Oct 19 - Shr 65 cts vs 10 cts Net 55,960,000 vs 8,785,000 Revs 588.2 mln vs 596.1 mln Avg shrs 85,710,000 vs 87,987,000 Nine mths Shr 1.24 dlrs vs 44 cts Net 106,738,000 vs 39,055,000 Revs 1.98 billion vs 2.24 billion Avg shrs 86,320,000 vs 88,007,000 NOTE: 1986 data restated for adoption of new accounting standard relating to pensions 1987 nine month earnings include 331 mln dlr after-tax writeoff in the 4th Qtr of 1985 of a portion of the assets of the company's Midland nuclear project Reuter  19-OCT-1987 09:19:42.53 acq usaitaly C G 
f0955reute r f BC-SHAMROCK-COMPLETES-CE 10-19 0089  BURBANK, Calif., Oct 19 - Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna, Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc, the Roy E. Disney family company. Under the agreement announced last month, Ferruzzi acquired all the equity and assumed subordinated term debt of about 195 mln dlrs in a transaction valued at about 370 mln dlrs. Reuter  19-OCT-1987 09:18:12.67 earn usa F 
f0948reute u f BC-CURTICE-BURNS-FOODS-I 10-19 0051  ROCHESTER, N.Y., Oct 19 - Qtr ends Sept 25 Shr 75 cts vs 64 cts Net 2,794,000 vs 2,363,000 Revs 157.8 mln vs 138.4 mln NOTE: 1986 qtr figures exclude effect of 1986 tax reform act which retroactively reduced earnings from 64 cts to 56 cts per shr. Reuter  19-OCT-1987 09:16:20.16 F 
f0942reute f f BC-PHELPS-DODGE-CO 10-19 0011  ******Blah blah blah.  19-OCT-1987 09:15:18.95 F 
f0938reute f f BC-CMS-ENERGY-CORP 10-19 0008  ******Blah blah blah.  19-OCT-1987 09:14:54.73 west-germany F 
f0937reute d f BC-VW-SAYS-AUTOLATINA-TO 10-19 0115  WOLFSBURG, West Germany, Oct 19 - Autolatina, Volkswagen AG <VOWG.F> and Ford Motor Co's <F> Latin American joint venture, was expected to make losses of 500 mln marks from Brazilian operations in 1987, VW spokesman Ortwin Witzel said. He could not comment on a report in the Frankfurter Rundschau daily that Ford might pull out of the venture, set up in 1986 to incorporate VW's and Ford's Brazilian and Argentine operations. Ford holds 49 pct of Autolatina. Witzel blamed Autolatina's losses on Brazil's government price restrictions but said the losses were in line with expectations. VW's Brazil unit lost 258 mln marks in 1986. Reuter  19-OCT-1987 09:13:47.65 shipcrude usairan V RM 
f0936reute b f AM-GULF-AMERICAN-URGENT 10-19 0072  WASHINGTON, Oct 19 - U.S. warships attacked and destroyed an Iranian oil platform on Monday in retaliation for Friday's Iranian attack damaging a U.S.-flagged ship, U.S. Defense Secretary Caspar Weinberger said. When asked how much was left of the oil platform, Weinberger said, "Nothing." "There was no Iranian reaction," he said. "... We consider this matter is now closed." Weinberger said four U.S. destroyers attacked the platform about 120 miles east of Bahrain in the central Gulf with fire at 0700 EDT, Weinberger said. "We chose a platform used by the Iranians to interfere with and be a source of potential attack on convoys...," Weinberger said at a Pentagon briefing. "We know it has been used indeed, to not only launch small boat attacks on shipping but to fire on U.S. helicopters... "It's removal will contribute significantly to the safety of U.S. forces in the future," Weinberger said of the U.S. Navy's operation to escort oil tankers through the Gulf. "We do not seek further confrontation with Iran but we will be prepared to meet any escalation of military actions by Iran with stronger countermeasures," Weinberger said. He said the 20 to 30 Iranian personnel on the oil platform were given a 20-minute warning to abandon the platform. "As far as we know they did abandon the site," he said. Weinberger was asked why the United States had chosen to attack an oil platform rather than Iranian Silkworm missile platforms blamed by Washington for Friday's attack. Reuter  19-OCT-1987 09:13:19.45 earn usa F 
f0935reute d f BC-LINDBERG-CO-<LIND.O> 10-19 0091  CHICAGO, Oct 19 - Shr profit 10 cts vs profit eight cts Net profit 477,853 vs profit 348,384 Sales 17.7 mln vs 17.3 mln Nine mths Shr loss 35 cts vs profit 45 cts Net loss 1,639,216 vs profit 2,305,700 Sales 56.2 mln vs 57.1 mln Avg shrs 4,698,501 vs 5,075,717 NOTE: Earnings in the 2nd Qtr of 1987 were reduced by 3,262,000 dlrs, or 69 cts a share from a charge reflecting elimination or transfer of certain product lines and operations at the company's Racine, Wis. foundry Reuter  19-OCT-1987 09:12:53.99 usa F 
f0933reute d f BC-OGDEN-<OG>-SETS-BERKS 10-19 0100  NEW YORK, Oct 19 - Ogden Corp said its Ogden Martin System of Berks Inc subsidiary has signed a contract with Berks County, Pa., to build, own and operate a resource recovery plant designed to process 365,000 tons per year of municipal solid waste. Ogden said 66 of the 75 municipalities in the county have signed letters of intent to be served by the facility. It said initial financing will include 75 mln dlrs in tax exempt resources recovery revenue bonds to be issued by the Berks County Industrial Development Authority, the company said. Another 75 mln dlrs Pennsylvania State Bond Allocation is pending, Ogden said. The company will contribute about 21.1 mln dlrs in equity. It said total cost is about 105 mln dlrs, plus escalation, for the plant which will produce about 30 megawatts of electricity. Reuter  19-OCT-1987 09:12:35.93 acq usaitaly F 
f0932reute r f BC-SHAMROCK-COMPLETES-CE 10-19 0089  BURBANK, Calif., Oct 19 - Shamrock Capital LP said it has completed the sale of Cental Soya Co Inc to Ferruzzi Agricola Finanziaria the holding company for the Ferruzzi group of Ravenna, Italy. Shamrock Capital is a limited partnership led by Shamrock Holdings Inc the Roy E. Disney family company. Under the agreement announced last month, Ferruzzi acquired all the equity and assumed subordinated term debt of about 195 mln dlrs in a trction valued at about 370 mln dlrs. Reuter  19-OCT-1987 09:12:19.17 F 
f0931reute f f BC-MICROSOFT-CORP 10-19 0008  ******Blah blah blah.  19-OCT-1987 09:08:42.58 F 
f0919reute f f BC-CURTICE-BURNS-F 10-19 0010  ******Blah blah blah.  19-OCT-1987 09:07:31.76 crude V RM 
f0917reute f f BC-WEINBERGER-SAYS 10-19 0010  ******Blah blah blah.  19-OCT-1987 09:07:27.98 acq hong-kong F 
f0916reute h f BC-CABLE-AND-WIRELESS-RE 10-19 0113  HONG KONG, Oct 19 - Cable and Wireless Plc <CAWL.L> said its subsidiary <Hong Kong Telephone Co Ltd> would cease to be a listed company, following the restructure of the company's Hong Kong units. Earlier today the company announced that Hong Kong Telephone and Cable and Wireless Hong Kong, in which the territory's government has a 20 pct stake, would become subsidiaries of a newly formed holding company, Hong Kong Telecommunications. In exchange for the Cable and Wireless Hong Kong capital, Hong Kong Telecommunications will issue 4.18 billion new shares to Cable and Wireless Plc's Cable and Wireless (Far East) Ltd. That subsidiary now holds the group's 80 pct stake in Cable and Wireless Hong Kong and about 22 pct of H.K. Telephone. It will issue an additional 1.05 billion shares to the goverment. That will leave the Cable and Wireless group with an 80 pct stake in Hong Kong Telecommunications, the government 11 pct and nine pct in public hands. But that will be reduced early next year after a placement of 11 pct of the issued shares of Hong Kong Telecommunications by both Cable and Wireless and the government. Reuter  19-OCT-1987 09:06:20.71 usa F 
f0915reute b f BC-TEXACO-<TX>-HOLDERS-S 10-19 0084  WHITE PLAINS, Oct 19 - Texaco Inc said it has been asked by a committee of shareholders about the possibility of the company paying a preferred stock dividend to shareholders. The company said the inquiry, from the Equity Security Holders Committee, outlines the committee's ideas on how such a dividend might be paid. Texaco said it would explore the committee's outline, as well as other options that would support shareholders' interests and assets. Reuter  19-OCT-1987 09:04:17.33 money-fxinterest RM 
f0910reute f f BC-Bank-of-France-added 10-19 0012  ******Blah blah blah.  19-OCT-1987 09:03:44.72 acq usa F 
f0905reute b f BC-/GAF-<GAF>-GROUP-RECO 10-19 0107  WAYNE, N.J., Oct 19 - GAF Corp said the management group led by chairman Samuel J. Heyman intends to reconsider its proposal to acquire GAF. On September 8, the group offered 64.00 dlrs in cash and 2.50 dlrs principal amount of 15 pct junior subordinated debentures due 2007 for each GAF share. Heyman owns about 2,700,000 of GAF's 33.5 mln shares outstanding. In a letter to the committee of independent directors formed to consider the offer, Heyman said it will have to modify the terms of the offer if it is to continue the bid, due to rising interest rates and financial market conditions. Heyman said "In the considerable time that has elapsed since our original proposal was submitted, the credit and financial markets have experienced extraordinary and almost unprecedented deterioration. As of the present time, the average interest rate on the financing which we proposed to raise in connection with the acquisition has increased, since the original proposal, by approximately 150 basis points." He said the group intends to promptly review all available options, including the revision of its offer to reflect current market conditions. Reuter  19-OCT-1987 09:03:05.97 F 
f0904reute f f BC-SECURITY-PACIFI 10-19 0010  ******Blah blah blah.  19-OCT-1987 09:02:39.04 F 
f0902reute f f BC-CALFED-INC-3RD 10-19 0008  ******Blah blah blah.  19-OCT-1987 08:59:16.47 usa F 
f0889reute d f BC-TANDEM-<TDM>-HAS-OPTI 10-19 0109  NEW ORLEANS, Oct 19 - Tandem Computers Inc said it has introduced an 84-gigabyte write-once, read-many-times optical disk library subsystem called the 5200 Optical Storage Facility for use with Tandem NonStop computer systems VLX, TXP, NonStop II, EXT25 and EXT10. The company said the facility contains two read/write disk drives, a formatter and an automatic changer for up to 32 disk cartridges, each holding 2.62 gigabytes of data. It said the 52oo provides an average access time of 250 milliseconds for data on an optical disk cartridge already mouinted and 17 seconds when a cartridge must be changed. Tandem said deliveries will start this quarter. It said the 5200 is priced at 155,000 dlrs. It said the software initial license fee is 5,300 dlrs and the monthly license fee is 100 dlrs with the NonStop VLX, TXP, NonStop II and EXT25 systems and the fees are 2,650 dlrs and 50 dlrs respectively with the EXT10 system. Reuter  19-OCT-1987 08:56:47.50 bop south-korea RM 
f0883reute u f BC-S.KOREA-CURRENT-A/C-S 10-19 0095  SEOUL, Oct 19 - South Korea's national news agency, Yonhap, said this year's current account surplus will near 10 billion dlrs amid signs of continuing high world demand for the country's cheap cars and electronic goods. Bank of Korea officials would neither confirm nor deny the Yonhap forecast, saying only that the bank would issue its own figures later in the week. Yonhap said the January-September surplus in the current account, which covers trade in goods and services, totalled 7.03 billion dlrs. This already exceeds the seven billion dlr ceiling for the whole of 1987 that the government set in June during talks with the International Monetary Fund aimed at averting a too rapid revaluation of the won against the dollar. The agency said the September surplus was 1.4 billion dlrs, up from 468.1 mln in August and 899 mln a year earlier. "Exports in October could be relatively modest due to many public holidays, but by the end of this year the surplus will be well over nine billion dollars, close to ten," Yonhap said. The sharp rise in the September surplus came from a resumption of export deliveries delayed by strikes the previous month. More than 3,300 companies, including car manufacturers, electronic and electric firms, were hit by labour unrest between July and September. The South Korean government originally targeted a five billion dlr current account surplus this year, but had to raise this to seven billion to reflect a startling first-half export boom. If confirmed, the soaring 1987 current account surplus seemed certain to trigger tougher pressure from the United States which recorded a 7.4 billion dlr trade deficit with Seoul last year, government economists said. The U.S. Government, trying to stem protectionist pressure at home, has called on South Korea to open more markets to American goods and revalue the won faster. The won was fixed at 804.90 against the dollar on Monday, representing a 7.01 pct gain so far this year. REUTER  19-OCT-1987 08:55:53.77 earn usa F 
f0881reute r f BC-PLY-GEM-INDUSTRIES-IN 10-19 0043  NEW YORK, Oct 19 - Shr 30 cts vs 17 cts Shr diluted 30 cts vs 17 cts Net 3,454,000 vs 1,546,000 Sales 84.0 mln vs 59.2 mln Avg shrs 11.6 mln vs 8,917,000 Avg shrs diluted 11.7 mln vs 11.2 mln Nine mths Shr 91 cts vs 72 cts Shr diluted 90 cts vs 65 cts Net 10.5 mln vs 5,959,000 Sales 236.7 mln vs 168.9 mln Avg shrs 11.5 mln vs 8,227,000 Avg shrs diluted 11.6 mln vs 11.2 mln Reuter  19-OCT-1987 08:55:04.13 shipcrude bahrainiranusa Y 
f0876reute b f BC-AIRCRAFT-ATTACK-IRANI 10-19 0076  BAHRAIN, Oct 19 - Unidentified jets attacked three Iranian oil rigs in the southern Gulf early on Monday, setting at least one of them ablaze, regional shipping sources said. Earlier today in Washington, U.S. Television networks had reported that American forces launched a retaliatory strike against Iran late Sunday, attacking two Iranian offshore oil drilling platforms and setting them ablaze. The shipping sources said Iran's Sassan, Rostam and Rakhsh offshore oilfields were attacked at 0700 local (0300 GMT) by a wave of jet fighter bombers. Smoke was seen spiralling up from the Rostam field soon after. At least one of the other two targets was also believed to be ablaze, the sources said. The Sassan and Rostam fields have been targets for Iraqi air strikes in the past, but Baghdad had not reported any southern Gulf missions prior to news of the latest attack. Shipping and military sources in the region have said Iran used its southern Gulf rigs as bases to launch helicopter and later speedboat attacks on neutral ships in the waterway. U.S. Officials had been meeting on a response since Friday when an attack on a Kuwaiti port severely damaged a U.S.-flagged ship. President Reagan said on Sunday he had already made a decision on the U.S. Response to Friday's Iran attack but would not say what the decision was. REUTER  19-OCT-1987 08:54:12.09 RM 
f0874reute f f BC-Leading-Belgian-share 10-19 0012  ******Blah blah blah.  19-OCT-1987 08:52:57.44 money-fx west-germany james-baker RM 
f0868reute u f BC-DEUTSCHE-BANK-CHIEF-S 10-19 0115  FRANKFURT, Oct 19 - Deutsche Bank AG joint chief executive Friedrich Wilhelm Christians said he believed the Louvre accord on currency stability was still intact. Christians told a news conference he met U.S. Treasury Secretary James Baker in the last two weeks, after short term German interest rates had risen twice. "I am sure that with 1.7720 marks the dollar is still within the Louvre agreement. I do not see that the accord has been terminated," Christians said. He was responding to questions about comments by Baker, who said the Louvre accord was still operative but criticised rises in West German interest rates. REUTER  19-OCT-1987 08:52:09.29 acq F 
f0867reute f f BC-GAF-CORP-SAID-M 10-19 0011  ******Blah blah blah.  19-OCT-1987 08:49:29.04 earn usa F 
f0864reute r f BC-EMULEX-CORP-<EMLX.O> 10-19 0032  COSTA MESA, Calif., Oct 19 - Shr 13 cts vs 12 cts Net 1,612,000 vs 1,571,000 Revs 28.8 mln vs 25.0 mln Avg shrs 12.8 mln vs 13.3 mln Reuter  19-OCT-1987 08:49:10.75 earn usa F 
f0863reute r f BC-LYPHOMED-INC-<LMED.O> 10-19 0067  ROSEMONT, ILL., Oct 19 - Shr 18 cts vs 13 cts Net 5,436,000 vs 3,888,000 Sales 43.9 mln vs 31.5 mln Avg shrs 30,145,000 vs 28,976,000 Nine mths Shr 51 cts vs 38 cts Net 15,320,000 vs 11,098,000 Sales 123.6 mln vs 91.2 mln Avg shrs 30,157,000 vs 29,046,000 NOTE: Earnings adjusted for three-for-two stock split paid June 20, 1986 Reuter  19-OCT-1987 08:47:06.34 usa F 
f0860reute r f BC-GENENTECH-<GENE.O>-IN 10-19 0085  SEATTLE, Oct 19 - Privately-held NeoRx Corp said it has entered into an exclusive agreement with Genentech Inc for the development of an injectable diagnostic to image blood clots. It said it Genentech will be responsible for marketing, and NeoRx will receive royalties based on sales. The product will use a proprietary NeoRx method of attaching the radioisotope technetium-99m to Genentech's blood clot dissolving drug tissue plasminogen activator, or Activase. Reuter  19-OCT-1987 08:44:03.69 shipcrude bahrainiran V 
f0852reute u f AM-GULF-RAID BULLETIN 10-19 0036  BAHRAIN, Oct 19 - Unidentified jets raided three Iranian oil rigs in the southern Gulf on Monday, setting at least one of them ablaze, regional shipping sources said. Reuter  19-OCT-1987 08:42:13.43 usa nasdaq F 
f0844reute r f BC-QUANTECH-<QANT.O>-GET 10-19 0075  LEVITTOWN, N.Y., Oct 19 - Quantech Electronics Corp said its common stock will continue to be quoted on the NASDAQ system due to an exception from National Association of Securities Dealers capital and surplus requirements, which it failed to meet as of August 31. The company said it believes it can meet conditions imposed by the NASD for the exception, but there can be no assurance that it will do so. Reuter  19-OCT-1987 08:37:03.64 crude V Y 
f0817reute f f BC-Unidentified-jets-rai 10-19 0014  ******Blah blah blah.  19-OCT-1987 08:35:03.90 crudeship Y 
f0812reute f f BC-Unidentified-jets-rai 10-19 0014  ******Blah blah blah.  19-OCT-1987 08:34:27.31 propaneship iraqiranjapansaudi-arabia Y 
f0807reute r f BC-SAUDI-TO-REMAIN-AS-KE 10-19 0106  By Masaru Sato TOKYO, Oct 19 - Saudi Arabia is likely to remain the key supplier of liquefied petroleum gas (LPG) to Japan for at least the next five years, oil industry sources said. Japan, while diversifying its supply sources of propane and butane for stable supplies, will continue to bank on Saudi Arabian LPG, the sources said. They said Saudi's supply capabilities of LPG, an associate of crude oil, is guaranteed by its crude output capacity. "Saudi is a reliable supplier in that sense," said one trader. Japan imports about 50 pct of its LPG from Saudi Arabia. No single nation could substitute for Saudi Arabia as an LPG supply source to Japan, the sources said. "Saudi Arabia has committed itself to Japanese LPG buyers, which has quelled fears that LPG supplies from the Mideast Gulf could easily be disrupted in the wake of heightened hostilities in that area," said another trader. Saudi Arabia cut LPG shipments to Japan and elsewhere by 20 pct in September after a fire put a major gas plant at Al-Juaimah out of operation. October shipments were back to contractual volumes as Saudi was able to boost exports from other ports. Attacks on Gulf shipping by Iran and Iraq centered on crude rather than products carriers, which has lulled fears of LPG supply disruptions, traders said. They said an Iranian blockade of the Strait of Hormuz was unlikely because it would block Iran's oil shipments. Industry sources said Japan's LPG imports will not greatly rise or fall as its domestic demand growth is estimated at a moderate 2.1 pct a year from 1986 through 1991. Japanese term buyers of Saudi LPG are expected to lift slightly lower volumes from January 1987, when imports from Indonesia are slated to increase, the sources said. The customers are unlikely to slash Saudi term purchases in large scale when Japan increases annual imports of Indonesian LPG to 1.95 mln tonnes in early 1989 from 319,000 tonnes in the year ended March 1987, the sources said. But when demand is sluggish in summer, they will phase down term purchases of Saudi LPG and secure lower-priced cargoes on the spot market, they said. Japan imports some 12 mln tonnes of LPG a year, of which 5.3 mln tonnes are supplied by Saudi Arabia, 3.3 mln under term contracts and two mln through spot purchases. Some 80 pct of Japan's LPG imports are from the Middle East. Saudi Arabia's state owned oil company Petromin has made some concessions on term prices to Japanese customers in the recent round of contract renewal talks, and it is likely the Japanese will accept the offer, the sources said. The Japanese term customers, however, have so far been unsuccessful in establishing a transparent price formula to replace the existing unilateral monthly price notice. Japanese buyers pay Saudi Arabia a price notified by Petromin each month. Most recently the FOB price was set at 87 pct of the 17.52 dlrs per barrel government selling price (GSP) of Arabian Light. Buyers reserve the right to phase down or out liftings should the monthly price be set at over 95 pct of Arabian Light's GSP. Petromin has offered to lower this rate to 90 pct from the 95 pct for contracts with Japanese customers from next January, the trade sources said. Petromin also suggested that a seller's option of supplying up to 20 pct more than the contractural volume be subject to seller-buyer agreement. Under the present contract, Petromin can automatically cut supplies up to 10 pct of the contractual volume. "If you want to import LPG from Saudi Arabia on a profitable basis, you have to set the price factor at 80 to 85 pct," said an official at a major importer. "Freight costs are higher for cargoes coming from the Gulf than Southeast Asia due to a longer haul and war risk insurance payments." Japanese customers will visit Saudi Arabia this month to finalise their separate contract talks, now focusing on contractual period and volume, which could be very similar to current levels, the sources said. "When we talk business, we would seek profitability and sometimes forget vulnerability of high dependence on a single supplier," said one. REUTER  19-OCT-1987 08:26:13.33 usa F 
f0770reute d f BC-BECHTEL,-CONTROL-RESO 10-19 0043  SAN FRANCISCO, Oct 19 - <Bechtel Corp> said it has formed a joint venture with Control Resource Industries Inc called Bechtel-Control Asbestos Management Inc to perform large-scale asbestos abatement projects. Reuter  19-OCT-1987 08:25:58.86 earn usa F 
f0768reute d f BC-INTELLICORP-<INAI.O> 10-19 0067  MOUNTAIN VIEW, Calif., Oct 19 - Shr loss nine cts vs loss 12 cts Net loss 649,000 vs loss 850,000 Revs 5,059,000 vs 4,084,000 Avg shrs 7,041,000 vs 6,900,000 NOTE: Current year net includes charge 152,000 dlrs from amortization of previously capitalized software costs. Capitalized product development costs 276,000 dlrs vs 640,000 dlrs. Reuter  19-OCT-1987 08:25:27.06 earn usa F 
f0766reute r f BC-OWENS-AND-MINOR-INC-< 10-19 0045  RICHMOND, Va., Oct 19 - Shr 36 cts vs 36 cts Shr diluted 34 cts vs 31 cts Net 1,679,000 vs 1,418,000 Sales 147.2 mln vs 121.5 mln Avg shrs 4,608,000 vs 3,963,000 Avg shrs diluted 5,585,000 vs 5,463,000 Nine mths Shr 1.04 dlrs vs 86 cts Shr diluted 93 cts vs 77 cts Net 4,387,000 vs 3,393,000 Sales 420.3 mln vs 338.7 mln Avg shrs 4,233,000 vs 3,948,000 Avg shrs diluted 5,564,000 vs 5,468,000 Reuter  19-OCT-1987 08:25:06.13 earn usa F 
f0764reute u f BC-TRINOVA-CORP-<TNV>-3R 10-19 0055  MAUMEE, Ohio, Oct 19 - Shr 52 cts vs 43 cts Net 17.7 mln vs 14.2 mln Sales 413.1 mln vs 361.6 mln Avg shrs 34.3 mln vs 30.3 mln Nine mths Oper shr 1.58 dlrs vs 66 cts Oper net 53.9 mln vs 26.7 mln Sales 1.22 billion vs 1.08 billion Avg shrs 33.5 mln vs 35.2 mln NOTE: 1986 nine mths net includes 20.6 mln dlr provision for restructuring but excludes 85.0 mln dlr gain on sale of discontinued glass business and 1,330,000 dlr gain from discontinued operations. Quarter orders 350.2 mln dlrs vs 296.7 mln dlrs. Backlog 507.6 mln dlrs vs 444.4 mln dlrs. Reuter  19-OCT-1987 08:22:10.28 interest luxembourgbelgium RM 
f0761reute u f BC-LUX-FRANC-BOND-MARKET 10-19 0107  LUXEMBOURG, Oct 19 - The thriving market in Luxembourg franc bond issues has been temporarily stalled by the Belgian government crisis which has put the franc under pressure and forced up interest rates, banking sources said. On Monday, King Baudouin accepted the resignation of Belgian Prime Minister Wilfried Martens' coalition and asked him to try to form a new government. Because of the crisis, Banque Generale du Luxembourg SA (BGL) has delayed a public issue for one billion Luxembourg francs, originally scheduled for the end of last week, BGL director Robert Sharfe said. He said the issue would probably go ahead later this week. It is likely there will be an upward adjustment in interest rates on Luxembourg franc bond private placements, banking sources said. However, no new placements are scheduled for another 10 days. The latest issue last Friday for Swedish Export Credit Corp (SEK) carried a coupon of 7-1/2 pct, whereas in previous issues the interest was set lower at 7-3/8 pct. Interest rates on the Luxembourg franc, which is in parity with the Belgian franc, are strongly affected by Belgian rates. On Friday, Belgium increased the rate on three-month Treasury certificates by 0.5 pct to 7.15 pct as the Belgian franc came under pressure. Private placements in Luxembourg francs have become increasingly popular, particularly with Scandivanian borrowers, because they carry a relatively low interest rate. Private investors also have flocked to buy Luxembourg franc bond issues because the franc was seen as a fairly strong currency. REUTER  19-OCT-1987 08:21:26.28 crudeship usairan V RM 
f0759reute b f AM-GULF-REPORTSN 10-19 0042  WASHINGTON, Oct 19 - U.S. television networks said on Monday that U.S. forces launched a retaliatory strike against Iran late Sunday, apparently attacking two Iranian offshore oil drilling platforms. NBC News said it understood six Iranians had been pulled from the sea. It said cautiously that U.S. forces attacked late Sunday and that two Iranian oil platforms east of Bahrain were ablaze as a result, but CBS News and other networks said flatly that U.S. forces attacked the Iranian oil platforms. U.S. officials had been meeting on a response since Friday when an attack on a Kuwaiti port severely damaged a U.S.-flagged ship. President Reagan said on Sunday he had already made a decision on the U.S. response to Friday's Iran attack but would not say what the decision was. Defense Secretary Caspar Weinberger said on Saturday the attack on a U.S.-flagged ship in Kuwaiti waters on Friday was almost certainly by an Iran Silkworm missile. Reuter  19-OCT-1987 08:20:05.62 graincornsugarrubber thailand G T 
f0756reute r f BC-THAI-TRADERS-PLAN-MAI 10-19 0117  BANGKOK, Oct 19 - Thai traders plan to establish a company to regulate maize forward trading, in what could be a first step towards a commodities futures exchange, maize dealers said. Traders and Internal Trade Department officials agreed last week to commission a study on a structure to regulate maize forward trading and to set up a company, Thailand Commodity Exchange Co Ltd, with 30 businesses as shareholders who will act as brokers in the futures market. Chanthong Pattamapong, a commodities trader asked to to draw up the study, said if the maize futures market succeeds it may be extended to other commodities, perhaps sugar and rubber. REUTER  19-OCT-1987 08:17:50.04 iran V RM 
f0751reute f f AM-GULF-REPORTSN 10-19 0012  ******Blah blah blah.  19-OCT-1987 08:10:24.60 F 
f0738reute f f BC-TRINOVA-CORP-3R 10-19 0007  ******Blah blah blah.  19-OCT-1987 08:04:50.36 money-fxdlrdmk RM 
f0706reute f f BC- 10-19 0012  ******Blah blah blah.  19-OCT-1987 08:04:47.58 oilseedveg-oil india RM 
f0705reute u f BC-INDIAN-RESERVE-BANK-T 10-19 0088  BOMBAY, Oct 19 - The Reserve Bank of India said it was tightening its credit policy for commercial banks by raising their cash reserve ratio by 0.5 pct to 10 pct, effective from October 24. The move, announced last weekend, is part of the bank's policy for the second half of fiscal 1987/88 ending March and is aimed at curbing excess bank liquidity. The central bank also put selective controls on bank advances to the oilseeds, vegetable oils and foodgrains trades. "The policy's main objective is to fully meet the credit requirements of agriculture, industry and exports, while preventing excessive monetary expansion," bank Governor R.N. Malhotra told an earlier meeting of chief executives of banks. Malhotra said the rate of monetary expansion must be kept under control in the second half of the current financial year. Bank deposits rose 75.40 billion rupees in the first six months of fiscal 1987/88 against 66.92 billion in the same period last year, according to the bank. Bankers said the bank's move to raise the cash reserve ratio by 0.5 pct will mean impounding about five billion rupees from the banking system. Banks' total deposits are estimated at around 1,000 billion rupees. They said banks are under pressure because of low returns on commercial lending and investments in government securities. "Already many banks are finding it difficult to maintain their statutory liquidity and cash reserve ratios and are resorting to heavy inter-bank borrowings," said one banker. REUTER  19-OCT-1987 08:03:15.27 malaysia A 
f0698reute w f BC-MALAYSIAN-POLICE-DENY 10-19 0098  KUALA LUMPUR, Oct 19 - Malaysian police denied rumours of race riots in Kuala Lumpur after an armed man killed one person and injured two others in an attack on two petrol stations in a racially-sensitive area of the city. A police statement broadcast over official Radio Malaysia called on the public not to listen to the rumours and go about their normal business. "Everything is under control. It's only a small matter and there is no cause for alarm," a police spokesman told Reuters after confirming the shooting on Sunday night. However, rumours that riots had broken out hit the stock market and shares on the Kuala Lumpur Stock Exchange fell across the board in heavy nervous selling when the market opened this morning, brokers said. Police said they cordoned off the district of Chow Kit and set up road blocks from midnight after the man, armed with a rifle, killed one Malay and injured another Malay and a Chinese. He set fire to one of the petrol stations. REUTER  19-OCT-1987 08:01:51.64 pse F 
f0689reute f f BC-French-bourse-main-se 10-19 0012  ******Blah blah blah.  19-OCT-1987 07:57:00.04 west-germany F 
f0683reute b f BC-PUMA-FIRST-HALF-LOSS 10-19 0092  MUNICH, Oct 19 - Puma AG Rudolf Dassler Sport <PUMA.F> said it posted a 1987 first-half group loss of about 14 mln marks, of which the largest portion was in the U.S. Managing board chairman Armin Dassler told the annual shareholders' meeting parent company turnover was expected to fall to 650 mln marks over the whole year from 698.4 mln in 1986. No comparative figure for 1986 first half group loss was available. In the whole of 1986 Puma posted a group consolidated loss of 41.05 mln marks. Dassler said Puma hoped to improve performance in the U.S. This year, where heavy losses were mainly responsible for the 1986 deficit. He said Puma expected to post a group loss in the second half of this year but the shortfall would be lower than in the first half. The same applied to expected parent company losses, he added. Dassler said Puma had taken measures to improve future performance. Dassler said the measures included changing Puma's product range, closing down some unprofitable factories in West Germany and France and introducing general cost-cutting. He said Puma hoped to break even in 1988 in the U.S., Its most important export market. Dassler said a personal payment he would make to shareholders instead of a 1986 dividend was a goodwill gesture which would not be repeated. Dassler said the payment to holders of Puma's 280,000 non-voting preference shares would amount to about 1.2 mln marks, or 4.50 marks per share. Armin Dassler and his brother Gerd hold all of Puma's 720,000 ordinary voting shares. They offered the preference shares to the public in July last year. Dassler said shareholders would benefit if Puma improved performance next year. He did not elaborate. Dassler said he and his brother were planning to leave the managing board and join the supervisory board. He said he was leaving for health reasons and because he wanted to make way for a new chairman from outside the company. His successor has not been made known yet. Dassler said today's meeting was expected to approve Manfred Emcke as Puma's new supervisory board chairman, replacing Vinzenz Grothgar. REUTER  19-OCT-1987 07:55:51.33 ship usairan V RM 
f0678reute u f BC-PENTAGON-HAS-NO-INFOR 10-19 0089  WASHINGTON, Oct 19 - A U.S. Defense Department spokesman said he had no information on London oil and stock market rumors that the United States had launched a retaliatory strike against Iran for an attack on Friday that damaged a U.S. shi "I don't have anything," Major Randy Morger said. "I have no information at all." President Reagan said on Sunday he had already made a decision on the U.S. response to Friday's Iran attack but would not say what the decision was. Defense Secretary Caspar Weinberger said on Saturday the attack on a U.S.-flagged ship in Kuwaiti waters on Friday was almost certainly by an Iran Silkworm missile. Some of the rumors in the London markets were that the United States had launched an offshore strike against Iranian missile installations. Reuter  19-OCT-1987 07:54:36.82 crude yemen-demo-republiccyprus Y 
f0672reute u f BC-SOUTH-YEMEN-PLANS-OIL 10-19 0100  NICOSIA, Oct 19 - South Yemen is planning a major oil pipeline system to be completed in 18-months time to start exports at a initial rate of 100,000 barrels per day, (bpd) the Middle East Economic Survey (MEES) said. MEES said government approval for the export pipeline followed a visit to Aden by a high ranking delegation from the Soviet Union, which will help South Yemen construct the line The engineering studies for the pipeline are nearly finished and construction is expected to start early next year, the industry newsletter said. The pipeline will run about 170-200 kms (105-125 miles) from Shabwa oilfields to a coastal terminal at Bir 'Ali on the Gulf of Aden, MEES said. MEES said the Soviet firm Technoexport, which is developing oilfileds for South Yemen, has substantially increased its initial reserve estimates and recommended a pipeline with an eventual 500,000 bpd capacity. The discovery of commercial quaotities of oil was confirmed by Technoexport earlier this year in three structures in the Shabwa region in the Northwestern part of the country, 200 kms east of North Yemen's Alif oilfield. REUTER  19-OCT-1987 07:47:05.18 acq usauk F 
f0654reute u f BC-TRAFALGAR-HOUSE-BUYS 10-19 0110  LONDON, Oct 19 - Trafalgar House Plc <TRAF.L> said it has acquired the entire share capital of <Capital Homes Inc> of the U.S. For 20 mln dlrs in cash. Capital Homes builds single family homes in the Washington D.C. Area and is also active as a land developer both for its own use and for sale to other builders. In the financial year to end February, 1987, Capital recorded pre-tax profits of 3.7 mln dlrs on a turnover of 58 mln dlrs from the sale of 421 homes. Capital has a land bank of some 2,600 units and in the current year the company expects to sell 500 homes, Trafalgar House said. REUTER  19-OCT-1987 07:43:24.90 uk RM 
f0639reute b f BC-SPRINT-II-ISSUES-35-M 10-19 0114  LONDON, Oct 19 - Sprint II, a special purpose corporation based in the Cayman Islands, is issuing 35 mln dlrs of floating rate bonds due November 6, 1992 and priced at 100.10, said Fuji International finance Ltd as lead manager. The bonds are backed by a pool of 48.7 mln dlrs of Japanese ex-warrant bonds. The bonds are priced to yield 20 basis points over the six month London Interbank Offered Rate. They are available in denominations of 100,000 dlrs and are payable on November 6. There is a seven basis point management and underwriting fee, an eight basis point selling concession and a two basis point praecipuum. REUTER  19-OCT-1987 07:37:01.78 pse F 
f0617reute f f BC-French-main-session-b 10-19 0014  ******Blah blah blah.  19-OCT-1987 07:31:26.17 crudeship kuwait Y 
f0601reute u f BC-KUWAITI-OIL-EXPORTS-S 10-19 0104  KUWAIT, Oct 19 - Kuwait's oil exports have not been affected by the seven-year Iran-Iraq war, Kuwait Oil Tanker Company (KOTC) Chairman and Managing Director Abdul Fattah al-Bader told a Kuwaiti newspaper. "Kuwait has exploited all available opportunities to continue exporting its oil without any reduction," the Al-Anbaa newspaper quoted him as saying. He said KOTC made profits of more than two mln dinars (seven mln dlrs) in the fiscal year ending last June, but predicted lower profits this year due to higher costs for chartering and operating vessels. REUTER  19-OCT-1987 07:30:11.26 japan F 
f0595reute d f BC-TOYOTA,-VW-CONSIDER-U 10-19 0106  TOKYO, Oct 19 - Toyota Motor Corp <TOYO.T> and Volkswagen AG <VOWG.F> are considering raising the local procurement rate at their West German joint venture to at least 60 pct from an earlier planned 50 pct after one year's output, a Toyota spokesman said. The two carmakers agreed last June to start jointly producing a Toyota-designed light truck at VW's Hanover plant from early 1989 at a rate of 7,000 to 8,000 the first year, rising to 15,000 from 1990. They may equip the light truck with a Volkswagen-made engine to reach a local procurement rate of 60 pct, he said. The two companies need to raise the value of locally procured parts to 60 pct to avoid tariffs when they export to other European markets, industry sources said. REUTER  19-OCT-1987 07:25:22.85 money-fxinterest west-germany poehlstoltenberg RM 
f0574reute u f BC-GERMAN-FINANCIAL-POLI 10-19 0109  By Jonathan Lynn FRANKFURT, Oct 19 - Karl Otto Poehl, head of West Germany's central bank, and Finance Minister Gerhard Stoltenberg are normally so much in agreement that some foreigners doubt the central bank's independence. But a rare public row between the ebullient Poehl, president of the Bundesbank, and Stoltenberg, over a controversial investment tax proposal, has added to the woes of the country's already nervous financial markets, bankers said. Poehl told an investment symposium in Frankfurt last Thursday he feared the tax would raise borrowing costs and interest rates Stoltenberg quickly issued a statement rebutting Poehl's criticism, saying West Germany would remain an attractive place for foreign investors. "The obvious lack of coordination between the Bundesbank and Finance Ministry does not instil confidence in foreign investors," said one economist for a London broker, who asked not to be identified. Bankers here expressed confidence the two top financial policy-makers would quickly patch up their relationship to steer the economy through a particularly difficult time. "There are plenty of objective pressures which will result in things getting back to normal again after a period of ill feeling," said Commerzbank AG chief economist Juergen Pfister. News on October 9 that the government was planning a 10 pct withholding tax wiped billions of marks off shares and bonds in a market already reeling from rising interest rates at home and abroad. Bankers said the Bundesbank was angered by the way the finance ministry announced the plan -- without consulting the Bundesbank adequately, and allowing apparently conflicting details to dribble out into an unprepared and uncertain market. Both Poehl, 57, and Stoltenberg, 59, have been under extraordinary pressures lately. Poehl has had to switch to the hard line promoted by his deputy, Helmut Schlesinger, jacking up interest rates to fight inflationary fears and abandoning the pragmatic policies he had pursued so far this year to promote currency stability. In recent statements Poehl has sounded more like Schlesinger. For years the softly-spoken economist has been warning in speech after speech that excessive money supply growth would eventually lead to rising prices. Schlesinger now has a majority of support in the Bundesbank council, and since late summer Poehl has had to represent his views, bankers said. "Poehl is in a minority in his own house," said Commerzbank's Pfister. "Poehl is in a dilemma. He must follow a policy that is not entirely his own," said another economist. The dilemma is that if German interest rates rise too far, they will attract funds into the country, pushing up the mark and hurting West German exporters. The dollar has now shed some seven pfennigs since the Bundesbank's new tack became clear in early October. Since last Thursday, United States Treasury Secretary James Baker has criticized the Bundesbank rate increases. Bankers said this could foreshadow a revival of the 1986 war of words between the U.S. And West Germany, in which U.S. Officials talked down the dollar to force West Germany to stimulate its economy and thus suck in more U.S. Exports. One way West Germany agreed to do this was making a round of tax cuts worth 39 billion marks from 1990. But financing these tax cuts has proved more difficult for Stoltenberg than he had bargained for. The cool, unflappable northerner, who was regularly voted most popular government politician last year, had to face resistance from local barons in the government coalition parties and from trade unions to his planned subsidy cuts. The withholding tax was intended to plug one gap by raising 4.3 billion marks. But it has caused an outcry among bankers, who say it will push up borrowing costs. The extra amount this costs the government could wipe out the revenue the tax brings in. Meanwhile Stoltenberg is dealing with a local political row which has turned into the country's worst political scandal. Stoltenberg had to leave monetary talks in Washington last month early to sort out a row in the northern state of Schleswig-Holstein, where he heads the ruling CDU party. The state's CDU premier, Uwe Barschel, had to resign after allegations of a "dirty tricks" election campaign led to heavy losses for the CDU in state elections. Barschel was found dead in a hotel bath in Geneva last weekend. Police say the death appears to have been suicide. Cooperation between Poehl and Stoltenberg is all the more remarkable as Poehl is in the opposition Social Democrats, and was appointed by former chancellor Helmut Schmidt. When Poehl's contract came up for renewal earlier this year, Chancellor Helmut Kohl's CDU-led coalition government gave Poehl another eight-year term. Werner Chrobok, managing partner at Bethmann Bank, said he hoped the two men would soon be of one opinion again. But when Poehl criticized Stoltenberg's tax plans he was not only voicing what many bankers felt but demonstrating the Bundesbank's independence of government, Chrobok said. REUTER  19-OCT-1987 07:24:56.01 new-zealand F 
f0572reute d f BC-FLETCHER-CHALLENGE-SE 10-19 0087  WELLINGTON, Oct 19 - Fletcher Challenge Ltd <FLTC.WE> (FCL) announced a striking price of 5.89 N.Z. Dlrs a share for shareholders who have elected to receive bonus shares under its dividend reinvestment plan. It said in a statement the price was determined by taking 90 pct of the weighted average prices of ordinary shares sold on the New Zealand Stock Exchange between October 12 and 19. FCL shares were quoted from Monday as ex-dividend and closed at 6.10 dlrs. REUTER  19-OCT-1987 07:24:26.16 money-fxinterest venezuela A 
f0570reute r f BC-PAPERS-SAY-VENEZUELAN 10-19 0082  CARACAS, Oct 18 - Venezuelan Central Bank President Hernan Anzola has submitted his resignation and asked President Jaime Lusinchi to transfer him to a post in the oil industry, two leading Venezuelan newspapers reported. The El Universal and El Nacional papers said Anzola would leave his position soon. Lusinchi already has decided on his successor, the El Nacional reported. Central Bank officials were not available for comment. Banking sources said Anzola differed with the Finance Ministry over economic policy, particularly over the direction of interest rates. He favoured raising the rates, which are currently well below the annual inflation rate of 33.2 pct. But the sources said he ran into opposition from Finance Ministry and government officials who thought an interest increase would fuel inflation. REUTER  19-OCT-1987 07:20:44.69 interestmoney-fx RM 
f0560reute f f BC-Bundesbank-adds-money 10-19 0011  ******Blah blah blah.  19-OCT-1987 07:20:42.85 money-fx francewest-germanyusa balladurjames-baker A 
f0559reute r f BC-BALLADUR-INSISTS-ON-M 10-19 0109  PARIS, Oct 19 - French Finance Minister Edouard Balladur issued a firm call for the continued faithful application of the Louvre accords on currency stability by all major industrial countries. Balladur, responding to weekend remarks by U.S. Treasury Secretary James Baker that the U.S. Would take another look at the accords, said "I firmly desire a faithfull and firm adherence by all the major industrial countries to the Louvre accords -- in both their letter and spirit." On Sunday, Baker said last week's rise in short-term West German interest rates was not in keeping with the accords. The Louvre accords, agreed in Paris last February, called for stability among the major currencies after a prolonged dollar slide. The accords were reaffirmed by the Group of Seven Finance Ministers in Washington last month. But Baker said at the weekend that the West German rate rise was "not in keeping with the spirit of what we agreed to." "What I'm really saying is that they should not expect us to simply sit back here and accept increased tightening on their part on the assumption that somehow we are going to follow them," he added. REUTER  19-OCT-1987 07:18:19.65 hong-kong E F 
f0557reute r f BC-HYUNDAI-AUTO-CANADA-T 10-19 0074  HONG KONG, Oct 19 - <Hyundai Auto Canada Inc>, a unit of South Korea's Hyundai Motor Co <HYUN.SE>, is expected to award Chemical Asia Ltd a mandate later this week to arrange a 100 mln U.S. Dlr loan, banking sources said. The nine-year loan will carry interest of 1/4 point over the London interbank offered rate. No other details were available. A Chemical spokesman declined comment. REUTER  19-OCT-1987 07:17:27.87 belgium martens V 
f0551reute u f BC-BELGIAN-KING-SEEN-ACC 10-19 0110  BRUSSELS, Oct 19 - King Baudouin is expected to accept the resignation of Belgian Prime Minister Wilfried Martens's centre-right coalition government after last-ditch talks failed to solve a language row, state-run RTBF radio said. The King could ask Martens or another political leader to put together a new government or to form a caretaker administration with elections at the end of November or in early December. The King has so far withheld a decision on whether to accept the resignation last Thursday of Martens's coalition of Dutch and French speaking parties over the linguistic conflict. Martens has used the breathing space to try to put together a compromise solution but RTBF and the Belgian news agency Belga said leading ministers ended their talks early on Monday morning without agreement. "The resignation of the government will no doubt be accepted by the King in the near future," RTBF said. The King has no formal deadline for announcing his decision but has been widely expected to do so on Monday. Reuter  19-OCT-1987 07:16:19.69 uk RM 
f0549reute u f BC-WILLIAMS-HOLDINGS-SEE 10-19 0102  LONDON, Oct 19 - <Williams Holdings Plc> said it has mandated Barclays de Zoete Wedd Ltd to arrange a 100 mln stg multiple option facility on a committed basis. The facility will be fully underwritten and have a maturity of five years, which can be extended by the borrower under an evergreen option. The facility will also include a tender panel for short term sterling acceptances or multi-currency cash advances. Drawings under the committed standby will be at a margin of 0.10 pct per annum and banks will receive an underwriting fee of 0.0625 pct. The facility will have a utilisation fee of 0.025 pct if more than 25 pct is drawn. Banks are being invited to join the facility at 10 mln stg for 0.05 pct and at five mln stg for 0.04 pct. There will be a renewal fee of 0.01 pct under the evergreen option. REUTER  19-OCT-1987 07:15:42.79 uganda RM 
f0547reute u f BC-MAIN-UGANDA-KENYA-ROA 10-19 0116  KAMPALA, Oct 19 - The main road between Kampala and the Kenya border, Uganda's most important trade artery, reopened to civilian traffic on Saturday after rebels who closed it on Friday disappeared back into the bush, travellers said. The government's National Resistance Army (NRA) closed the road on Friday after the rebel Holy Spirit Movement of priestess Alice Lakwena reached a village on the road, said. But by the time NRA reinforcements arrived the rebels had disappeared into thick forest. The road and a parallel railway line, which closed last weekend, carry 90 pct of Uganda's foreign trade to the Kenyan port of Mombasa. REUTER  19-OCT-1987 07:15:31.90 ship cyprususairan Y 
f0546reute b f BC-IRAN-WARNS-U.S.-AGAIN 10-19 0068  NICOSIA, Oct 19 - Iran warned the United States on Monday against exacerbating the Gulf crisis, saying it would endanger American interests. Tehran Radio, monitored by the British Broadcasting Corporation, said a spokesman for Iran's War Information Headquarters was responding "to U.S. Officials' remarks about taking military action against Iran." The radio also quoted an Iranian Foreign Ministry spokesman as saying Iran would respond decisively to any aggressive measure by the United States. The radio said the spokesman made the statement "following the attack on a Kuwaiti ship under the U.S. Flag and comments by American officials on carrying out retaliatory action against Iran." The spokesman said, "Any U.S. Military aggression against Iran will certainly be the beginning of an extensive clash in the Persian Gulf, and amidst this our principled policy is to confront any act which escalates tension." REUTER  19-OCT-1987 07:07:22.58 fse F 
f0536reute f f BC-Leading-German-shares 10-19 0014  ******Blah blah blah.  19-OCT-1987 06:58:33.34 bop norway RM 
f0512reute u f BC-NORWAY'S-CURRENT-ACCO 10-19 0071  OSLO, Oct 19 - Norway's current account showed a 9.9 billion crown deficit for the first seven months of 1987, against a 19.7 billion crown deficit for the same year-ago period, the Central Bureau of Statistics said. North Sea oil and gas revenues rose 3.4 pct to 32.6 billion crowns in the January to July period compared with 31.5 billion in the first seven months of 1986. REUTER  19-OCT-1987 06:55:59.97 pse RM 
f0511reute f f BC-Paribas-shares-slump 10-19 0012  ******Blah blah blah.  19-OCT-1987 06:55:06.78 money-fx west-germanyusa james-baker RM 
f0509reute b f BC-BONN-MINISTRY-HAS-NO 10-19 0109  BONN, Oct 19 - The West German Finance Ministry declined to comment on weekend criticism by U.S. Treasury Secretary James Baker of recent West German interest rate increases. Baker said the U.S. Would re-examine the February Louvre Accord to stabilise currencies reached by leading industrial democracies. The rise in West Germany short term interest rates was not in the spirit of an agreement by these nations in Washington, which reaffirmed the Louvre pact, he said. A Finance Ministry spokesman, asked for an official ministry reaction to Baker's remarks, said he could make no comment. REUTER  19-OCT-1987 06:54:39.85 singapore RM 
f0508reute u f BC-SINGAPORE'S-RAFFLES-C 10-19 0080  SINGAPORE, Oct 19 - <Raffles City Pte Ltd> said it signed a 10 year note issuance facility (NIF) on Monday to raise 500 mln Singapore dlrs. Proceeds of the issue would enable Raffles City to tap cheaper funds from the market to refinance its existing borrowings, a press statement said. The NIF is lead managed by two major local banks, the Development Bank Of Singapore Ltd and the Overseas Chinese Banking Corp. REUTER  19-OCT-1987 06:54:34.09 ship ukchina G 
f0507reute r f BC-ANIMAL-FEED-SHIP-ON-F 10-19 0108  LONDON, Oct 19 - The Cyprus vessel Fearless, 31,841 tonnes dw, which was on fire, grounded then towed to Yantai, China, in August, had all its cargo reloaded but the cargo in the no. 3 hold caught fire on October 15. The fire was put out with salt water and water from the no.4 hold has spread over most of the cargo. Some water is also in the no.5 hold. Bottom patching was reported complete but only the no.4 starboard wing tank has been pumped out and remains dry. The engine room is flooded to about three metres. The ship was originally loaded with 10,000 tonnes of animal feed. REUTER  19-OCT-1987 06:54:18.53 finland RM 
f0505reute u f BC-FINNISH-STATE-LAUNCHE 10-19 0104  HELSINKI, Oct 19 - The Finnish State launched two bonds totalling one billion markka with loan periods of 10 years and five years and annual interest rates of 7.75 and 7.25 pct respectively. The bonds sell concurrently until the total is reached and nominal values are 25,000 markka, 10,000 markka, 5,000 markka and 1,000 markka, the Finance Ministry said. It was decided with the banks the rates should be 0.25 pct less than the eight and 7.5 pct rates respectively of 10-year and five-year bonds launched by the State on August 17, a Ministry statement said. REUTER  19-OCT-1987 06:52:50.08 gnpjobsbop malaysia RM 
f0498reute u f BC-HIGHER-SPENDING-EXPEC 10-19 0091  By Ho Wah Foon KUALA LUMPUR, Oct 19 - Malaysia's recovery from the worst recession in 20 years should receive a boost on Friday when the government announces a reflationary budget for calendar 1988 after seven years of austerity, economists said. "Our country is walking on one leg now," said Ismail Salleh, an economist with the Institute of Strategic and International Studies. "It has to depend on public sector investment for faster growth if the private sector is not moving." Gross domestic product grew one pct in 1986 after shrinking one pct in 1985. The fiscal year ends December 31. The government has said it expects 1987 growth to be under two pct but some analysts believe it will be nearer three pct because prices for commodity exports have risen sharply. Malaysia is a leading exporter of rubber, palm oil, tin and semiconductors and a major producer of cocoa, timber and oil. The government slashed development spending to 9.8 billion ringgit this year from 14.5 billion in 1986. Economists said unemployment is expected to exceed 10 pct in 1988 against about 9.5 pct this year. Local investment also has stagnated, with businessmen blaming inconsistent economic policies and lack of incentives. One businessman said too many politicians give the impression that Malaysia was unstable. "If we can take care of investment confidence, the potential to recover strongly is great," a banker said. Malaysia's 1987 current account is expected to be in the black with the Central Bank projecting a 500 mln ringgit surplus compared with last year's 1.2 billion ringgit deficit. The government has said its fiscal policies will balance the budget by 1989. The deficit in 1986 was 952 mln ringgit. The government will also repay some of its external debt, which stood at 51 billion ringgit at the end of 1986. Political leaders have said the budget will not hurt ordinary people as taxes on basic food and other essential goods are unlikely to change. Businessmen said they hope the government also will cut the corporate tax, now between 45 and 48 pct, to enable Malaysia to compete for investors with neighbouring states. REUTER  19-OCT-1987 06:51:30.20 alumship ukcubabrazil M 
f0494reute r f BC-BRITISH-BAUXITE-VESSE 10-19 0086  LONDON, Oct 19 - Lloyds Shipping Intelligence service said the British bulk carrier Envoy, 75,453 tonnes dw, was grounded at Mile 190 in the Orinoco river on October 16. The vessel was on a voyage from Trombetas, Brazil, to Matanzas, Cuba, carrying 50,000 tonnes of bauxite. Its draught was 36 feet. Attempts to refloat the vessel with the help of six tugs have been unsuccessful. The owners are considering unloading part of the cargo onto barges. REUTER  19-OCT-1987 06:46:08.13 ase F 
f0484reute f f BC-Amsterdam-all-share-i 10-19 0014  ******Blah blah blah.  19-OCT-1987 06:26:55.50 lse RM V 
f0448reute f f BC-London's-FTSE-100-sha 10-19 0012  ******Blah blah blah.  19-OCT-1987 06:22:26.98 luxembourg RM 
f0437reute u f BC-SWEDISH-EXPORT-CREDIT 10-19 0066  LUXEMBOURG, Oct 19 - Swedish Export Credit Corp (SEK) is raising 300 mln Luxembourg francs through a three year private placement, lead manager Banque Generale du Luxembourg SA said. The bullet, non-callable issue carries a coupon of 7-1/2 pct and is priced at 100-1/4. Payment date is October 28 and coupon date is October 29. REUTER  19-OCT-1987 06:21:33.89 graincotton china G 
f0435reute u f BC-CHINA-FORECASTS-397-M 10-19 0091  PEKING, Oct 19 - China expects its 1987 grain harvest to be 397 mln tonnes, eight mln tonnes short of its target, the New China News Agency quoted a State Statistical Bureau spokesman as saying. The harvest will be China's second highest in history but poor weather and low incentives for grain-producing farmers have kept yields down, earlier Chinese press reports said. Industry sources expect China to import at least 10 mln tonnes of grain this year because of the harvest shortfall. Chinese customs figures showed grain imports of 9.59 mln tonnes in the first eight months of 1987, compared with 6.09 mln in the same 1986 period. Agriculture Minister He Kang said last month state prices for grain purchase from growers were to be adjusted to increase the incentive for grain production. China could not afford to become a major food importer, he said. The State Statistics Bureau spokesman also said China's 1987 cotton output was expected to rise 10 pct over 1986 to 390 mln tonnes. REUTER  19-OCT-1987 06:16:38.26 F 
f0418reute f f BC-Swiss-stock-index-dro 10-19 0014  ******Blah blah blah.  19-OCT-1987 06:13:16.68 cpi philippines RM 
f0415reute u f BC-PHILIPPINE-INFLATION 10-19 0113  MANILA, Oct 19 - The Philippine 1987 inflation rate will rise to 4.8 pct from 0.74 pct in 1986 if the government implements an employers' association recommendation for a 10 pct increase in the 54 peso minimum daily wage this month, Economic Planning Secretary Solita Monsod said. The government's own proposal for an across-the-board daily pay rise of six pesos for non-agricultural workers and eight pesos for agriculture workers, would push the full year average higher to 5.4 pct, she told the Senate last week. The 10 pct rise in the minimum wage is recommended by the Employers Confederation of the Philippines (ECOP). The ECOP proposal would push the year-on-year inflation rate to 11.6 pct in December compared with the predicted 14.4 pct if the government's recommendation is implemented, Solita said. Both were proposed last month. Annual inflation for 1987 was forecast at four to 4.5 pct by the National Economic and Development Authority early this month. In the first three months of the year, inflation was a negative 0.5, 0.6 and 0.7 pct respectively, rising to 1.0, 2.5 and 4.6 pct in April May and June, the National Statistics Office said. The annual inflation rate rose to 5.8 pct in June, 6.2 pct in July and 6.15 and 6.188 pct in August and September respectively, the National Statistics Office said. It attributed the acceleration to higher fuel and water prices. The government's six and eight peso wage increases would displace up to 20,000 workers, Monsod said, bringing the number of unemployed to 4.2 mln or 19.2 pct of the population. REUTER  19-OCT-1987 06:08:25.85 uk RM 
f0405reute b f BC-ELECTRICTE-DE-FRANCE 10-19 0103  LONDON, Oct 19 - Electricite de France is issuing a 15 billion yen bond due November 1994 paying interest at 1/16 over the six month London Interbank Offered Rate, said IBJ Capital Markets Ltd as lead manager. The bonds, which are priced at par, will be listed on the Luxembourg Stock Exchange. Payment is set for November 20 and they are callable in May 1989. The bonds are guaranteed by the Republic of France. Fees are 12 basis points for management and underwriting and 13 basis points as a selling concession. There is a three basis point praecipuum. REUTER  19-OCT-1987 05:54:34.70 uk F 
f0382reute u f BC-BPCC-PROPOSES-CANCELL 10-19 0105  LONDON, Oct 19 - British Printing and Communication Corporation Plc <BPCL.L> has proposed the cancellation of all its preference shares in return for cash payments totalling 14.8 mln stg. BPCC said in a statement, "In view of the enlarged ordinary share capital and the improved financial position of the company, the Board considers that the relatively small amount of preference share capital now represents capital in excess of the company's wants." Shareholder approval will be sought at a meeeting on November 10.If granted, court confirmation will be required. REUTER  19-OCT-1987 05:49:55.18 money-fxrand south-africa RM 
f0376reute r f BC-VOLKSKAS-BANK-SEES-RA 10-19 0112  JOHANNESBURG, Oct 19 - South Africa must drive down its inflation rate to much lower levels to prevent a further decline in the rand, said Volkskas Bank in its monthly economic review. The bank said that without a major drop in the inflation rate, the rand was bound to eventually decrease even more, regardless of a sharp rise in the gold price. Inflation is running at an annual rate of some 17 pct and the rand is around 49.53 U.S. Cents. Most economists estimate continued high inflation. Volkskas predicted the rand will remain fairly steady for the rest of 1987 and then ease slightly next year. REUTER  19-OCT-1987 05:48:23.29 sugar ussr T 
f0368reute u f BC-SOVIET-SUGAR-CONSUMPT 10-19 0108  MOSCOW, Oct 19 - A sharp rise in Soviet sugar consumption since the start of the Kremlin's anti-alcohol drive indicates home brewing is costing the state 20 billion roubles in lost vodka sales, Pravda said. The Communist Party newspaper said sugar sales had increased by one mln tonnes a year, enough to be turned into two billion bottles of moonshine. At current vodka prices of 10 roubles a bottle, it said, this meant illicit alcohol consumption had reached the equivalent of 20 billion roubles a year, or annual revenues from vodka sales before the May 1985 anti-alchohol decree. "Official statistics show a reduction in consumption of vodka, but this is a deceptive statistic -- it does not count home-brew," Pravda said. "The epidemic first engulfed the villages and has now also firmly settled into cities, where the availability of natural gas, running water and privacy has made it much easier." Kremlin leader Mikhail Gorbachev launched the anti-alcohol campaign shortly after taking office in March 1985 as a first step to improving Soviet economic performance, which had been seriously hurt by drunkenness among the working population. REUTER  19-OCT-1987 05:38:46.57 RM C G L M T 
f0354reute f f BC-LONDON-GOLD-1030-FIX 10-19 0008  ******Blah blah blah.  19-OCT-1987 05:34:35.71 acq uk F 
f0351reute u f BC-EQUITICORP-HOLDING-IN 10-19 0066  LONDON, Oct 19 - Equiticorp Holdings Ltd <EQUW.WE> now owns or has received acceptances representing 59.93 pct of the issued ordinary share capital of Guinness Peat Group Plc <GNSP.L>, Equiticorp said in a statement. Equiticorp's offer for Guinness Peat became unconditional on October 3, when it had 50.6 pct, and closed on October 17. REUTER  19-OCT-1987 05:26:17.45 money-fx lebanon RM 
f0337reute u f BC-BANKS-EXTEND-TRADING 10-19 0105  BEIRUT, Oct 19 - Lebanon's Bankers Association said it extended its suspension of trading in the Lebanese pound for two more working days to study ways to stem the currency's collapse. The Central Bank did not post the rate of the pound to the dollar and other currencies on Monday. The pound closed on Thursday at 407.00/412.00 to the dollar compared with Wednesday's close of 384.00/386.00. Association sources told Reuters Friday's suspension of trading for two working days was continued on Monday for two more days so as to study proposals to reinforce the pound. The Association, which comprises 106 commercial banks in east and west Beirut, halted trading on Friday in a chaotic market after the pound crashed to four record lows in the week. The pound, hit by the inability of Lebanon's religiously and ideologically divided government to end 12 years of civil war, has lost more than 80 pct of its international value this year. REUTER  19-OCT-1987 05:23:26.57 RM 
f0330reute f f BC-FRENCH-MATIF-SUSPENDS 10-19 0013  ******Blah blah blah.  19-OCT-1987 05:15:24.35 crude norway F Y 
f0307reute u f BC-STATOIL-PLACES-NORTH 10-19 0100  OSLO, Oct 19 - Den Norske Stats Oljeselskap A/S (Statoil) <STAT.OL>, operator on Norway's North Sea Veslefrikk oil field, has placed field development contracts totalling 1.5 billion crowns with two domestic yards, the company said in a statement. Moss Rosenberg Verft, a subsidiary of Kvaerner Industrier A/S <KVIO.OL> won a 1.2 billion crown contract to convert Statoil's semisubmersible rig West Vision to a floating production platform and to build the deck for a separate, fixed well-head platform to be placed on the field, it said. Statoil said Aker Verdal, a unit of Aker Norcem A/S <AMVO.OL>, won a 300-mln crown contract to design and build the well-head platform's 10,000-tonne steel substructure, to stand in 150 metres of water next to the converted rig. Statoil said using a floating production unit rather than a fixed platform would cut construction time, enabling field partners to bring Veslefrikk on stream in late 1989 -- several months earlier than previously planned. Veslefrikk, with estimated recoverable reserves of 258 mln barrels oil and 140 billion cubic feet gas, is located 145 km west of Bergen. Statoil estimates the field's total development cost, including drilling, at 6.6 billion crowns. Planned daily output is 65,000 barrels oil and 35 mln cubic feet gas. Veslefrikk's oil will be landed via the nearby Oseberg field pipeline at the Sture crude terminal near Bergen. Its gas will be fed into the Statpipe line, which gathers gas from Norway's Statfjord, Gullfaks and Oseberg fields. Partners on the field are Statoil, the operator, with a 55 pct share, <Unocal Norge A/S> (18 pct), <Deminex (Norge) A/S> (13.5 pct), Norsk Hydro A/S <NHY.OL> (nine pct) and <Svenska Petroleum AB> (4.5 pct). REUTER  19-OCT-1987 04:51:52.40 money-fxdlryendmk japanusaukwest-germanyfranceitalycanada james-baker RM AI 
f0279reute b f BC-LOUVRE-ACCORD-STILL-I 10-19 0110  By Kunio Inoue TOKYO, Oct 19 - The Group of Seven (G-7) industrial nations still comply with last February's Louvre accord to stabilize currencies, a senior Bank of Japan official said. And U.S. Treasury Secretary James Baker's remarks at the weekend indicating the need to revise it do not herald a lower range for the dollar, other senior officials from the Bank of Japan and Finance Ministry agreed in interviews. "The exchange market is apparently reacting too much, and anyone who sold the dollar on the Baker comment will regret it later on," the Bank of Japan official told Reuters. The Bank official said Baker did not mean to talk the dollar down. A lower dollar would harm the U.S. Economy, he noted. A Finance Ministry official who was directly involved in monetary talks with other nations also said the U.S. Would never attempt to lower the reference range for the dollar against the mark or the yen. The market assumes the dollar reference range to be between 140-150 yen and between 1.70 and 1.90 marks. The dollar closed in Tokyo today at 1.7730/35 marks and 141.35 yen. "Behind Baker's remark was U.S. Frustration over higher interest rates abroad, especially in West Germany, but this does not represent its readiness to scrap the basic framework of the Louvre accord," the Finance Ministry official said. He said that on the contrary Baker wanted to avoid any further rise in U.S. Interest rates because it would not only hurt the U.S. Economy but aggravate the Third World debt problem. Higher U.S. Interest rates would merely raise their interest payment burden and depress U.S. Stock and bond markets further, the monetary officials said. Both the ministry and central bank officials, who declined to be named, noted the U.S. No longer wants to see a further decline of the dollar because that could also fan inflationary expectations in the U.S. "That's why Baker did not fail to add that the Louvre agreement is still operative," the senior ministry official said. Baker said in a U.S. Television interview on Sunday that Washington would reexamine the Louvre accord because of West Germany's increase in short-term interest rates. The market at first interpreted this as indicating the U.S. Would be ready to scrap the Louvre accord and let the dollar decline further unless surplus countries, notably West Germany, try harder to stimulate their economies as pledged in the accord, foreign exchange dealers said. But the market on reflection also noted Baker's additional statement that "the Louvre agreement is still operative," and this caused some dollar short-covering in Tokyo today, the dealers said. Uncertainty, however, remained the flavour of the day in Tokyo currency markets. The Japanese monetary officials said Baker's undisguised pressure on West Germany to refrain from guiding interest rates higher may be part of a process of multilateral surveillance, or international economic policy coordination. The G-7, comprising the U.S., Japan, West Germany, Britain, France, Italy and Canada, have agreed to monitor each other's economic policies and from time to time apply "peer pressure" to persuade others to change their policies to a desired course, they noted. "Without such a basic agreement of multilateral surveillance, Baker would never have criticized the West German policy so openly," the ministry official said. The U.S.-West German squabble over Bonn's monetary policy should thus be regarded as a process of healthy policy coordination and not as any indication of a possible collapse of the Louvre agreement, the official said. He also said Japan has not received any specific request from the U.S. On its monetary policy, although its short-term money rates have been edging higher. "This is because we, unlike the Germans, are not taking policy to guide interest rates higher, and the marginal rate rise in recent days is primarily for seasonal reasons," he added. REUTER  19-OCT-1987 04:43:19.79 RM AI 
f0264reute f f BC-LOUVRE-ACCORD-STILL-I 10-19 0011  ******Blah blah blah.  19-OCT-1987 04:39:33.69 pse RM V 
f0261reute f f BC-First-share-quotation 10-19 0013  ******Blah blah blah.  19-OCT-1987 04:38:02.75 japan RM AI 
f0257reute u f BC-BANK-OF-JAPAN-TO-SELL 10-19 0120  TOKYO, Oct 19 - The Bank of Japan will sell 800 billion yen in bills from its holdings on Tuesday to help absorb a projected money market surplus of 470 billion yen and recycle 400 billion in bills maturing then, money market traders said. Of the total, 400 billion yen will yield 3.8512 pct on sales from money houses to banks and securities houses through 29-day repurchase agreements maturing on November 17. These are aimed at meeting a projected cash shortage on that day, when the government floats 1.95 mln shares in Nippon Telegraph and Telephone Corp. The other 400 billion will yield 3.9006 pct through 44-day repurchase accords maturing on December 2. The operation will bring the supply of bills outstanding to about 3,200 billion yen. REUTER  19-OCT-1987 04:24:26.16 norway F 
f0239reute b f BC-NORSK-DATA-A/S-SEES-L 10-19 0114  OSLO, Oct 19 - Norwegian computer company Norsk Data A/S <NORK.OL> said weak sales outside of Europe have forced it to lower its 1987 pre-tax profit forecast by 100 mln crowns and its expected 1987 sales figure by about 150 mln crowns. Norsk Data said in August it expected to show a pre-tax profit of between 550 and 600 mln crowns this year. The sales figure was lowered after it became clear sales in North America and India would not match earlier predictions, the company said in a statement, adding: "It is ... Doubtful that this discrepancy can be compensated by a corresponding extra increase in its European business." The company said its sales in Europe remained strong, however, and were expected to grow by 25 to 35 pct in 1987. Norsk Data in August dropped a planned issue of new non-voting shares in the United States, Norway and other countries because of unfavourable market conditions. The move was seen by Oslo and London securities analysts as a sign the company's rapid growth years might be over. Norsk Data showed a 177.9 mln crown pre-tax profit for the first six months of 1987, up six pct from the year-ago figure of 168 mln. Its 1986 pre-tax profit before year-end allocations was 475 mln crowns against 364 mln in 1985. REUTER  19-OCT-1987 04:24:18.61 japan nakasonemiyazawatakeshita RM V 
f0238reute u f BC-ABE-TIPPED-TO-BE-NEXT 10-19 0104  By Yuko Nakamikado TOKYO, Oct 19 - No clear indication has emerged of the victor in the race to succeed Prime Minister Yasuhiro Nakasone but political analysts said it was becoming more likely that former foreign minister Shintaro Abe would be chosen. A decision on which of the three contenders would be picked was expected late today or early on Tuesday, they said. Japanese political leaders held a flurry of closed-door meetings today and the three candidates called on Nakasone, who is due to step down late this month, to mediate to break the deadlock. The other candidates are Finance Minister Kiichi Miyazawa and former Finance Minister Noboru Takeshita. They are vying for the post of president of the ruling Liberal Democratic Party (LDP), who is automatically prime minister by virtue of the party's parliamentary majority. The new LDP president will be named formally at a party convention on October 30 and elected prime minister by parliament, probably on November 6, LDP sources said. Nakasone, 69, is due to retire on October 31 after five years in the post, an exceptionally long term by Japanese standards. Takeshita, who is head of the party's largest faction, had steadfastly opposed the idea of seeking Nakasone's help, but he told reporters: "It is possible Nakasone will be given carte blanche (for selection of his successor)." One political analyst, who declined to be identified, said Nakasone, despite a personal preference for Miyazawa, is likely to choose Abe as the best candidate for steering Japan through its international problems and maintaining party unity. Abe also would also accept Nakasone's influence, he said. Analysts said one of Nakasone's prime aims is to retain as much power as possible following his retirement. Takeshita, the early favorite because of the size of his faction, is viewed by many politicians and analysts as being unsuitable for the post of prime minister because of his lack of international experience. The analysts said Nakasone also was very unlikely to support Takeshita's bid because of the differences in their political styles. REUTER  19-OCT-1987 04:22:10.12 F 
f0237reute f f BC-Norsk-Data-lowers-198 10-19 0011  ******Blah blah blah.  19-OCT-1987 04:18:04.32 japan F 
f0232reute u f BC-TDK-SALES-RISE-ON-ELE 10-19 0112  TOKYO, Oct 19 - TDK Corp <TDK.T> said its sales rose 3.6 pct in the three months ended August 31 due to better sales of electronic materials and components, which grew 9.2 pct compared with the same period of 1986. Net profit gained only 0.5 pct due to lower interest income and exchange losses which depressed non-operating income, it said. It earlier reported net up to 4.20 billion from 4.18 billion in the year earlier period after sales up to 95.96 billion from 92.59 billion. The proportion of overseas sales to total sales fell to 45.2 pct from 45.6 pct a year earlier due to lower tape sales to North America. REUTER  19-OCT-1987 04:15:29.90 acq hong-kong F 
f0231reute b f BC-CABLE-AND-WIRELESS-DE 10-19 0116  HONG KONG, Oct 19 - Cable and Wireless Plc <CAWL.L> said it will merge its Hong Kong Telephone Co Ltd <TELH.HK> and <Cable and Wireless (Hong Kong) Ltd> units into a new holding firm to be called <Hong Kong Telecommunications Ltd>. Under the merger, H.K. Telephone shareholders will receive two H.K. Telecommunication shares at a par value of 50 H.K. Cents for each H.K. Telephone share at par of one dlr. H.K. Telephone shareholders other than the Cable and Wireless group will receive warrants on a one-for-five basis entitling them to acquire from Cable and Wireless Plc within five years one H.K. Telecom share at 10 dlrs each. The Cable and Wireless Plc group now holds some 70 pct of H.K. Telephone. It also owns 80 pct of Cable and Wireless (Hong Kong), while the Hong Kong government holds the balance. Trading in H.K. Telephone shares was suspended on October 15. The shares last traded at 19.30 dlrs. REUTER  19-OCT-1987 04:09:25.77 earn japan F 
f0223reute b f BC-TDK-GROUP-NET-UP-17.6 10-19 0057  TOKYO, Oct 19 - Nine months ended August 31 Group shr 118.66 yen vs 100.89 yen Group shr per ADS 237.32 vs 201.78 Net 14.28 billion vs 12.14 billion Pretax 34.48 billion vs 29.45 billion Sales 288.08 billion vs 278.50 billion Company's full name is TDK Corp <TDK.T>. REUTER  19-OCT-1987 04:07:27.64 lse RM 
f0221reute f f BC-FTSE-100-share-index 10-19 0013  ******Blah blah blah.  19-OCT-1987 04:05:47.06 earn japan F 
f0215reute b f BC-TDK-GROUP-NET-UP-0.5 10-19 0056  TOKYO, Oct 19 - Third quarter ended August 31 Group shr 34.92 yen vs 34.74 Group shr per ADS 69.84 vs 69.48 Net 4.20 billion vs 4.18 billion Pretax 10.30 billion vs 9.73 billion Sales 95.96 billion vs 92.59 billion Company's full name is TDK Corp <TDK.T> REUTER  19-OCT-1987 04:05:14.77 lse F 
f0212reute f f BC-FTSE-100-share-index 10-19 0013  ******Blah blah blah.  19-OCT-1987 03:59:38.96 acq F 
f0196reute f f BC-CABLE-AND-WIRELESS-TO 10-19 0014  ******Blah blah blah.  19-OCT-1987 03:57:42.34 money-fx france balladurjames-baker RM 
f0193reute b f BC-BALLADUR-INSISTS-ON-M 10-19 0110  PARIS, Oct 19 - French Finance Minister Edouard Balladur issued a firm call for the continued faithful application of the Louvre accords on currency stability by all major industrial countries. Balladur, responding to weekend remarks by U.S. Treasury Secretary James Baker that the U.S. Would take another look at the accords, said "I firmly desire a faithfull and firm adherence by all the major industrial countries to the Louvre accords -- in both their letter and spirit." On Sunday, Baker said last week's rise in short-term West German interest rates was not in keeping with the accords. The Louvre accords, agreed in Paris last February, called for stability among the major currencies after a prolonged dollar slide. The accords were reaffirmed by the Group of Seven Finance Ministers in Washington last month. But Baker said at the weekend that the West German rate rise was "not in keeping with the spirit of what we agreed to." "What I'm really saying is that they should not expect us to simply sit back here and accept increased tightening on their part on the assumption that somehow we are going to follow them," he added. REUTER  19-OCT-1987 03:50:41.47 rubber malaysia inro T 
f0183reute u f BC-RUBBER-STOCK-MANAGER 10-19 0111  By Roger May KUALA LUMPUR, Oct 19 - International Rubber Organisation (INRO) buffer stock manager Aldo Hofmeister said tests had shown the quality of rubber in stock was acceptable, but acknowledged that some consumers were now wary of buying it. "We have said all along that the rubber is holding up well from a condition and quality standpoint...Rubber stored in proper conditions does not deteriorate," he told Reuters in a telephone interview. The quality of buffer stock rubber sold since he entered the market in September would be discussed at an INRO Council meeting which opened here today, he said. Tokyo traders said on Friday they had little interest in buying rubber from the INRO buffer stock because of possible poor quality. Hofmeister began selling rubber when prices exceeded the "may-sell' level of 232 cents per kg early last month. INRO's five-day moving average was quoted at 237.3 cents on October 16. He said the quality of five to six-year old rubber in stock was uppermost in consumers' minds. "We have received good interest for the rubber. I understand the Japanese concern. Many consumers want to try the rubber before they carry on buying," he said. Hofmeister said INRO rubber was stored in 28 different locations in producing and consuming nations, adding all warehouses used were suitable for long-term storage. Selling of buffer stock rubber had levelled off during the past week to 10 days and this could reflect a "wait and see attitude" by buyers, he said. "Consumers are holding back from buying additional amounts until they test out the rubber. If their tests are positiive, they are likely to buy more." Hofmeister said he could reduce the offer price of buffer stock rubber to stimulate interest but INRO did not want to depress prices artificially. Hofmeister declined to comment on Japanese trade estimates that he had sold around 30,000 to 32,000 tonnes in Kuala Lumpur and New York since September. But he said Japanese traders were in a position to have an idea of the quantity he had sold, noting that traders overall had put buffer stock sales at between 25,000 and 35,000 tonnes. The question of sales from the original 360,000 tonne buffer stock is expected to be the main topic of the Council meeting which is scheduled to end on Thursday. The current international rubber pact expires on October 22. The deadline for the new pact's start is January 1989 and Hofmeister has been mandated to continue selling rubber during the interim period. REUTER  19-OCT-1987 03:29:19.78 usa F 
f0164reute r f BC-FRONTIER-AIRLINES-SEE 10-19 0099  DENVER, Colo, Oct 19 - Continental Airlines Inc said Frontier Airlines, which it bought last year, has sought approval from the U.S. Bankruptcy court here to pay up to 1.9 mln dlrs in employee medical, dental and other benefit claims on an expedited basis. Continental is itself owned by Texas Air Corp <TEX>. Some 1.2 mln dlrs of the claims would be paid directly to former Frontier employees for medical expenses incurred prior to, and immediately after, Fronter filed for bankrupcty and ceased operations in August last year. REUTER  19-OCT-1987 03:12:52.19 hkse F 
f0149reute f f BC-HONG-KONG'S-HANG-SENG 10-19 0012  ******Blah blah blah.  19-OCT-1987 02:56:28.56 japan F 
f0130reute u f BC-NIPPON-SHINPAN-TO-ISS 10-19 0090  TOKYO, Oct 19 - Nippon Shinpan Co Ltd <NSHT.T> has agreed with <Mastercard International> to issue a new credit card called Nippon Shinpan-Master Joint Card for use in Japan and abroad, a Nippon Shinpan spokesman said. The card, to be issued within the year, will be honoured at Mastercard-affiliated outlets in 160 countries and at locations accepting the Nippon Shinpan card, he said. Nippon Shinpan reached a similar agreement with <Visa International> on September 29. REUTER  19-OCT-1987 02:35:59.87 money-fxnzdlr new-zealand RM 
f0116reute u f BC-ECONOMIST-URGES-MORE 10-19 0116  WELLINGTON, Oct 19 - An income tax surcharge and capital gains tax could bring about an urgently needed depreciation of the N.Z. Dollar, independent economist Len Bayliss said. Bayliss, a former economist with the Reserve Bank and the Bank of New Zealand, said a major depreciation is needed to restore export competitiveness even if inflation is cut by current government policies. The taxes would help cut the budget deficit, which in turn would lower the value of the N.Z. Dollar, he said in a speech. He added that the deficit for the year ending March 1988 could be much higher than the government's 1.3 billion dlr forecast. Since the government was unlikely to cut expenditure as a percentage of gross domestic product, a major tax increase was probably unavoidable, Bayliss said. He would have preferred an increase in the 10 pct value-added goods and services tax, introduced in October 1986, but that would have had a short-term inflationary impact. Import tariffs should be lowered to minimise the inflationary impact of a currency depreciation. The government had failed to bring inflation down despite lower oil prices and an appreciation in the currency, he added. New Zealand's inflation rate was 16.9 pct in the year to end-September against 18.9 pct in the year to end June. The major deficiency in the government's anti-inflation policies was reliance on high interest and exchange rates and insufficient emphasis on reducing the budget deficit, Bayliss said. The government had also failed to reduce overseas debt and debt ratios and cut the balance of payments deficit. "The widespread belief that (New Zealand's) problems are going to take much longer to solve than was originally thought is soundly based -- primarily because the government's macro-economic policies have been unsuccessful," Bayliss said. REUTER  19-OCT-1987 02:30:11.36 trade philippines RM 
f0112reute u f BC-PHILIPPINE-TRADE-GAP 10-19 0079  MANILA, Oct 19 - The Philippines' trade deficit widened to 542 mln dlrs in the eight months to end-August from 159 mln dlrs in the same 1986 period, the National Statistics Office said. It said exports in the eight-month period rose to 3.58 billion dlrs from 3.18 billion in 1986, while imports rose to 4.12 billion dlrs from 3.34 billion a year earlier. The country's trade deficit totalled 202 mln dlrs in 1986. REUTER  19-OCT-1987 02:25:17.02 usairan RM V Y 
f0109reute u f BC-IRAN-PRESIDENT-DOUBTS 10-19 0113  NICOSIA, Oct 19 - Iranian President Ali Khamenei said he doubted the U.S. Was in position to take violent action against Iran in the Gulf, Tehran Radio reported. The U.S. Government "is in a very difficult situation now and it is not clear if it has the necessary elements for a violent action," the radio quoted him as saying in an interview with the English language daily Tehran Times. In Washington, President Ronald Reagan said he had decided on a response to Iran, which the Americans blame for two missile attacks on U.S.-related tankers in Kuwaiti waters last week, but declined to say what the response was. Khamenei said the U.S. Government had to take some action to demonstrate its authority, "but on the other hand any violent act in the Persian Gulf will greatly harm long-term U.S. Interests," the radio, monitored in Nicosia, reported. On efforts for a ceasefire in the Iran-Iraq war, Khamenei said: "Declaration of the aggressor and a ceasefire should be concurrent. Formation of a panel to determine the aggressor necessarily preceeds the ceasefire." He also rejected a peace-keeping committee or a buffer force as instruments to implement a July 20 U.N. Security Council order for a ceasefire in the seven-year-old Gulf war. REUTER  19-OCT-1987 02:13:27.13 tse RM 
f0103reute f f BC-Tokyo---Stock-index-c 10-19 0010  ******Blah blah blah.  19-OCT-1987 02:12:21.49 sugar new-zealandfiji RM V 
f0101reute u f BC-NEW-ZEALAND-IMPOSES-S 10-19 0110  WELLINGTON, Oct 19 - New Zealand has imposed sanctions against Fiji in response to that country's change of status to a republic, acting prime minister Geoffrey Palmer said. The sanctions will end all military cooperation and cut economic aid. New Zealand will also not renew an agreement which supports the price of Fijian sugar when it expires in March. The loss of aid and sugar supports will cost Fiji about 10 mln dlrs a year. Palmer told reporters after a cabinet meeting that the government had asked High Commissioner Rod Gates to return from Suva for discussions about other possible measures. "We won't be reacting further until these discussions with the High Commissioner and the Prime Minister have been held," Palmer said. The sanctions were approved by the cabinet soon after Colonel Sitivene Rabuka staged his second coup on September 25. Implementation was postponed in the hope that Rabuka might turn back from declaring a republic. Palmer said the cabinet was happy with the statement from Commonwealth leaders in Vancouver that Fiji's membership of the Commonwealth had lapsed. Prime Minister David Lange is in Hawaii on his way home from Vancouver. REUTER  19-OCT-1987 02:01:46.85 japanusa RM AI 
f0093reute u f BC-JAPAN-STARTS-CONSIDER 10-19 0097  TOKYO, Oct 19 - The Ministry of Finance has started to consider the coupon rate of the 10-year government bond issue for November, a Ministry official said. The underwriting syndicate may want a rise in the coupon rate by nearly one point from the current 4.9 pct, he said. But bond traders see a rise to about 5.6 pct as most likely. Ministry officials will try to keep the rate low to meet U.S. Requests for maintenance of the interest rate differential between the U.S. And Japan, the Ministry official told Reuters. Plans for an October issue were cancelled when the Ministry and the bond underwriting syndicate failed to reach agreement on terms. The underwriting syndicate will start negotiating with the Finance Ministry on the terms of the November issue after any changes in the prime rate for November are decided, which should be by the end of this week, an underwriting source said. Cancellation of the November bond issue is not out of the question, he said, adding that negotiations are expected to be difficult. REUTER  19-OCT-1987 01:54:58.65 coffee uganda T 
f0088reute u f BC-UGANDA-PLANS-TO-EXPOR 10-19 0119  KAMPALA, Oct 19 - Uganda plans to export roasted coffee to Europe by the end of 1988, a prominent local businessman said. A.R. Sendi said on Sunday that Uganda's Ministry of Industry supports his plan to build a factory to roast, grind and pack local coffee for export. Construction will start in December and the factory should be ready by next October. He said the Marketing Ministry has authorised the Coffee Marketing Board to supply his company <Unipack> with 24,000 tonnes of beans a year for processing and export. Sendi also told reporters he had negotiated a 69.7 mln French franc loan from the Banque Industrielle d'Afrique Oriental in Paris. Uganda is the world's fifth largest coffee producer, and expects to produce about 200,000 tonnes this year. Market sources say roasted coffee exports will benefit Uganda's economy as they will not be included in the 2.38 mln (60 kg) bag export quota assigned to the country under the latest International Coffee Agreement. In addition, the value of roasted coffee should be substantially higher than that of unroasted beans, they said. The U.S. Is the biggest buyer of Ugandan coffee, most of which is used to produce instant coffee. REUTER  19-OCT-1987 01:51:51.69 crude iranussrcyprus Y 
f0087reute u f BC-IRAN,-SOVIET-UNION-TO 10-19 0120  NICOSIA, Oct 19 - The Soviet Union has agreed to supply Iran with refined oil products in exchange for 100,000 barrels per day of crude, Iran's national news agency, IRNA, said. IRNA, monitored in Nicosia, quoted Oil Minister Gholamreza Aqazadeh as saying on his return to Tehran from Moscow that the agreement was part of a protocol on economic cooperation signed during his visit. The amount of crude delivered to the Soviet Union might double to 200,000 bpd later, he said. Aqazadeh said the two sides agreed to conduct feasibility studies for a pipeline to take Iranian crude from fields in southern Iran to the Black Sea through the Soviet Union. Iran is pursuing the pipeline project to protect part of its oil exports from Iraqi air attacks in the Gulf. Irna made no mention of natural gas exports to the Soviet Union, which Aqazadeh had said would be discussed before he left for Moscow. Iran lost most of its refining capacity early in the Gulf war and now imports several hundred thousand bpd of refined products. Aqazadeh said Soviet refined products would be delivered at the Caspian Sea ports of Anzali and Nowshahr, at Neka, near the Caspian, and at Jolfa in north-west Iran. REUTER  19-OCT-1987 01:45:38.39 new-zealand RM 
f0081reute u f BC-NEW-ZEALAND-NON-FUEL 10-19 0111  WELLINGTON, Oct 19 - Orders for non-fuel imports placed in August rose a seasonally adjusted 14.9 pct, compared with a 1.0 pct rise in July and a 3.1 pct rise in August 1986, according to a regular monthly restricted survey of private importers, the Statistics Department said. The Department said significant increases were shown in orders for crude materials (up an unadjusted 83.9 pct in August), iron, steel and non-ferrous metals (21.1 pct), and machinery and electrical equipment (19.3 pct). Only the food and beverages group showed a significant decrease with an 18.3 pct fall in August, it said. The Statistics Department said mineral fuel orders rose 29.6 pct in August compared with a 28.1 pct fall in July and a 14.9 pct fall in August 1986. The monthly survey covers about 40 pct of total merchandise imports on average. REUTER  19-OCT-1987 01:38:14.08 grainrice thailand G 
f0076reute u f BC-THAI-RICE-EXPORTS-RIS 10-19 0106  BANGKOK, Oct 19 - Thai rice exports rose to 72,987 tonnes in the week ended October 13 from 54,075 the previous week, the Commerce Ministry said. It said the government and private exporters shipped 26,272 and 46,715 tonnes respectively. Private exporters concluded advance weekly sales for 106,640 tonnes against 98,152 the previous week. The said it ministry expects at least 65,000 tonnes in exports next week. Thailand has shipped 3.43 mln tonnes of rice in the year to date, down from 3.68 mln a year ago. It has commitments to export another 388,390 tonnes this year. REUTER  19-OCT-1987 01:35:27.64 acq new-zealand F 
f0074reute u f BC-N.Z.'S-CHASE-CORP-MAK 10-19 0108  WELLINGTON, Oct 19 - Chase Corp Ltd <CHCA.WE> said it will make an offer for all fully-paid shares and options of <Entregrowth International Ltd> it does not already own. Chase, a property investment firm, said it holds 48 pct of Entregrowth, its vehicle for expansion in North America. It said agreements are being concluded to give it a beneficial 72.4 pct interest. The offer for the remaining shares is one Chase share for every three Entregrowth shares and one Chase option for every four Entregrowth options. Chase shares closed on Friday at 4.41 dlrs and the options at 2.38. Entregrowth closed at 1.35 dlrs and options at 55 cents. Chase said the offer for the remaining 27.6 pct of Entregrowth, worth 34.2 mln dlrs, involved the issue of 5.80 mln Chase shares and 3.10 mln Chase options. Chase chairman Colin Reynolds said the takeover would allow Entregrowth to concentrate on North American operations with access to Chase's international funding base and a stronger executive team. He said there also would be benefits from integrating New Zealand investment activities. Chase said the offer is conditional it receiving accptances for at least 90 pct of the shares and options. REUTER  19-OCT-1987 01:14:35.36 usa F 
f0061reute u f BC-COMPETITION-TOUGHENS 10-19 0105  By Catherine Arnst BOSTON, Oct 19 - An announcement by Alliant Computer Systems Inc <ALNT> of a new low-end near-supercomputer and <ETA Systems Inc>'s unveiling of a high-end machine in the same category show competition is stiff in this market, industry analysts said. Consultants said Alliant's new FX computer, aimed mainly at scientists and researchers will be priced between 100,000 and 200,000 dlrs and will be faster than anything else in that price range. But they said Alliant is trying to bring prices in line with discounts it now gives many of its customers. "(The new FX) is significant to the extent that it represents Alliant's recognition of the reality of the marketplace," said a source who was briefed by Alliant on the new computer. "The list price is more in line with what they are seeing anyway." Near-supercomputers, often called mini-supercomputers, resemble the massive supercomputers favoured by scientists but are much less expensive and a quarter as powerful. Supercomputers cost well over one mln dlrs but mini-supercomputers are generally priced between 200,000 dlrs and one mln dlrs. Most near-supercomputers use a new computer architecture called parallel processing, in which a problem is broken up into segments and each segment assigned to a different processor. General-purpose mainframe computers have just one processor that works on one segment of a problem at a time, making them too slow for complex scientific problems. Near-supercomputers have been in existence for only about five years and the two leading manufacturers, Alliant and Convex Computer Corp (CNVX), held two of the most successful initial public offerings last year. But Alliant and Convex, a Texas company, are also facing some 15 companies competing for between 200 and 250 mln dlrs in sales this year, and the result has been lower prices and shrinking profit margins. Heavy discounting, slow acceptance outside the scientific market, lack of software and too many competitors also have made analysts reassess prospects for near-supercomputers. Jeffrey Canin, computer analyst with Hambrecht and Quist, said he just added a year to his original growth estimates for the industry. He now expects sales to reach 1.1 billion dlrs in 1991, instead of 1990. In recent weeks both Alliant and Convex have said their third quarter earnings would be reduced by "competitive pricing pressures." Alliant said profits for the period will be about five cents a share against eight cents last year, although revenues for the period rose to 14.2 mln dlrs from 8.6 mln. Convex said third quarter earnings will be less than the second quarter's 12 cents a share while revenues will rise almost eight mln dlrs over the 1986 third quarter to between 18 and 18.5 mln dlrs. Until now, most of the price discounting occurred at the bottom of the product line in near-supercomputers, but ETA System's announcement could start squeezing Convex and Alliant from the top, analysts said. ETA, a subsidiary of Control Data Corp <CDC>, introduced two machines that are really full-blown supercomputers similar to those sold by Cray Research Inc, the world's biggest supercomputer maker, but at half the price of Cray's cheapest model. The ETA-10 Model P costs 995,000 dlrs and the Model Q is 1.2 mln dlrs. ETA officials told a news conference the new machines may be classified as supercomputers but they are aimed directly at the upper end of the product lines from Alliant and Convex. Acceptance of ETA's product could be hampered by lack of software, analysts said, noting this is an issue that faces all parallel processor makers to some degree. Because parallel processing is a new architecture that has yet to be widely used, third party software vendors have been slow to write programs for the near-supercomputers. ETA, however, "offers a low priced entry into supercomputers for some customers," one consultant said. Canin cautioned that "the price pressures will continue for some time" and estimated that five percentage points have been knocked off the gross profit margins of both Convex and Alliant this year by price discounting. Next year, he said, the two companies will face a new set of problems as they both introduce their second generation of products. "I am always cautious about the first major product transition." REUTER  19-OCT-1987 00:59:58.56 money-fxdlryen japanwest-germanyusa james-baker RM AI 
f0053reute u f BC-TOKYO-DEALERS-SEE-DOL 10-19 0106  By Rie Sagawa TOKYO, Oct 19 - Tokyo's foreign exchange market is watching nervously to see if the U.S. Dollar will drop below the significant 140.00 yen level, dealers said. "The 140 yen level is key for the dollar because it is considered to be the lower end of the reference range. If the currency breaks through this level, it may decline sharply," said Hirozumi Tanaka, assistant general manager at Dai-ichi Kangyo Bank Ltd's international treasury division. The dollar was at 141.10 yen at midday against Friday closes of 142.35/45 in New York and 141.35 here. The dollar opened at 140.95 yen and fell to a low of 140.40. It was 1.7733/38 marks against 1.7975/85 in New York and 1.8008/13 here on Friday, after an opening 1.7700/10. The currency's decline was due to remarks on Sunday by U.S. Treasury Secretary James Baker, dealers said. "The dollar fell over the weekend on increased bearish sentiment after Baker's comments," said Dai-ichi's Tanaka. He said this stemmed from mounting concern that cooperation among the group of seven (G-7) industrial nations to implement the Louvre accord to stabilise currencies might be fraying. The dollar's fall was also prompted by a record one-day drop in the Dow Jones industrial average on Friday and weakness in U.S. Bond prices, dealers said. Baker said the Louvre accord was still operative but he strongly criticised West German moves to raise key interest rates. Operators took Baker's comment to indicate impatience with some G-7 members for failing to stick to the Louvre accord due to their fears of increasing inflation. Rises in interest rates aimed at dampening inflationary pressures also slow domestic demand. West Germany and Japan had both pledged at G-7 meetings to boost domestic demand to help narrow the huge U.S. Trade deficit, Tanaka said. U.S. August trade data showed the U.S. Deficit at a still massive 15.68 billion dlrs. But if West Germany raises interest rates, this would run counter to the pledge, he said. "Operators are now waiting to see if the G-7 nations coordinate dollar buying intervention," said Soichi Hirabayashi, deputy general manager of Fuju Bank Ltd's foreign exchange department. The target range set by the Louvre accord is generally considered to be 140.00 to 160.00 yen, dealers said. "The market is likely to try the 140 yen level in the near future and at that time, if operators see the G-7 nations failing to coordinate intervention, they would see the Louvre accord as abandoned and push the dollar down aggressively," Hirabayashi said. He said the U.S. Currency could fall as low as 135 yen soon. REUTER  19-OCT-1987 00:34:08.94 ship hong-kongjapanindiapakistaniraniraq Y 
f0034reute u f BC-JAPAN/INDIA-CONFERENC 10-19 0086  HONG KONG, Oct 19 - The Japan/India-Pakistan-Gulf/Japan shipping conference said it would cut the extra risk insurance surcharges on shipments to Iranian and Iraqi ports to a minimum three pct from 4.5 pct on October 25. It said surcharges on shipments of all break-bulk cargoes to non-Iraqi Arab ports would be reduced to 3.0 pct from 4.5. A conference spokesman declined to say why the move was taken at a time of heightened tension in the Gulf. REUTER  19-OCT-1987 00:18:22.79 ipi ussr RM V 
f0022reute u f BC-SOVIET-INDUSTRIAL-GRO 10-19 0087  MOSCOW, Oct 19 - The Soviet Union's industrial output is growing at a slower pace in 1987 than in 1986 and foreign trade has fallen, Central Statistical Office figures show. Figures in the Communist Party newspaper Pravda show industrial production rose 3.6 pct in the first nine months of 1987 against 5.2 pct in the same 1986 period. Foreign trade in the same period fell 3.6 pct from the 1986 period as exports fell by 0.5 pct and imports dropped by 4.2 pct. Foreign trade in the nine months totalled 94.2 billion roubles. Separate import and export figures were not given. One factor affecting industrial growth was the introduction of a new quality control plan, Western economists said. Last year's calculations of industrial output included all goods, irrespective of quality. Under the new plan, introduced in line with Soviet leader Mikhail Gorbachev's drive to modernise the economy, special inspectors have the right to reject goods they consider below standard. Pravda said 42 mln roubles worth of defective goods were rejected in the nine-month period. The figures also showed that on October 1, there were more than 8,000 cooperative enterprises employing over 80,000 people. More than 200,000 were employed in the private sector, Pravda said, without giving comparative figures. The promotion of the cooperative and private sectors of the economy has been an important part of the modernisation campaign, with measures introduced recently to allow the setting up of small shops on a private basis. Labour productivity rose 3.7 pct in the first nine months against 4.8 pct growth in January to September 1986. But western economists said they treat Soviet productivity figures with caution, as they are more broadly based than in the West, which measures worker output over a given period. Pravda said there were 283.8 mln people in the Soviet Union as of October 1. In the January to September 1987 period 118.5 mln people were employed, a rise of 4.4 pct on the same period last year. Average earnings were 200 roubles a month against 194 roubles a year ago. REUTER  19-OCT-1987 00:05:11.26 gold south-africa F M 
f0009reute u f BC-SIX-KILLED-IN-SOUTH-A 10-19 0087  JOHANNESBURG, Oct 19 - Six black miners have been killed and two injured in a rock fall three km underground at a South African gold mine, the owners said on Sunday. <Rand Mines Properties Ltd>, one of South Africa's big six mining companies, said in a statement that the accident occurred on Saturday morning at the <East Rand Proprietary Mines Ltd> mine at Boksburg, 25 km east of Johannesburg. A company spokesman could not elaborate on the short statement. REUTER  19-OCT-1987 00:03:21.69 switzerland RM V 
f0006reute u f BC-PROJECTIONS-SHOW-SWIS 10-19 0119  BERNE, Oct 19 - The prospect of a dominant alliance of socialists and environmentalists ended as the Social Democrats became the biggest losers in Swiss parliamentary elections. Projections by Swiss radio show the ruling centre-right alliance of Radical Democrats, Christian Democrats, Social Democrats and the People Party will likely hold on to power. Less than 48 pct of voters cast a ballot, a record low turnout. The moderate left-of-centre Social Democrats lost six of its previous 47 seats. The Green Party of Switzerland won 11 seats in the 200-seat lower house, a rise of eight. But the Green Alliance and other green groupings lost one seat. The Radical Democrats, Christian Democrats, Social Democrats and People Party are forecast to hold 159 seats, down seven from the last election in 1983, and 42 of the 46 seats in the upper house, down one. The projections showed the centre-right Radical Democrats dropping four seats to 50 in the lower house, although they would remain the largest party. The conservative Christian Democrats were seen losing one seat to 41, while the right-wing People's Party, despite forecast losses, added four to their previous 23 seats. REUTER  19-OCT-1987 13:30:41.59 usa amex F 
f2286reute r f BC-AMERICAN-EXCHANGE-INT 10-19 0096  NEW YORK, Oct 19 - The American Stock Exchange said it has introduced options with expirations of up to three years on the Institutional Index. With the ticker symbol <XII>, the index is a guage of the core equity holdings of the nation's largest institutions, the exchange explained. The new listings represent the first long-term options to be traded by the Amex, it added. It said the long-term Institutional Index options began trading Monday with expirations of December 1988 <XIV> and December 1989 <XIX>. The Amex said a third long-term option with an expiration of December 1990 will begin trading following the December 1987 expiration. It said strike prices on the long-term options have been set at 50 point intervals with initial strikes of 250, 300 and 350. To avoid conflicting strike price codes, the 350 stike prices will carry the ticker symbols <XVV> for the option expiring in December 1988 and <XVX> for the option expiring in December 1989. Reuter