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TODAY'S NEWS SUMMARY
JOC Staff |
BANKINGThe Supreme Court let stand previous rulings allowing banks to sell mutualfun
Maritime
SAUDIS TRY TO MUSTER UNITED FRONT
(Ap) |
Saudi Arabia is trying to muster a united Arab front behind its drive to get the Organization of Pet
PERU'S COPPER OUTPUT FALLS
Knight-Ridder Financial |
Peru's August fine copper output contained in concentrates totaled 34,717 metric tons, bringing accu
COTTON FARMERS TURN TO COMPUTER
(Ap) |
The Farmer's Almanac has been replaced by the daily printout as a group of cotton farmers turns to c
INDONESIA EASES INVESTMENT PATH FOREIGN BUSINESSES WELCOME LATEST LIBERALIZATION MOVES
P.T. Bangsberg |
Foreign businesses operating in Indonesia gave a generally warm welcome tofurther government moves t
Maritime
AUTO IMPORTS BUOY PORT OF JACKSONVILLE
Craig Dunlap |
Automobile imports continued to surge across the Jacksonville Port Authority docks, but they were t
Maritime
CUSTOMS TO ALTER NEW USER FEES NOV. 7 MODIFICATIONS SPARKED BY CONGRESSIONAL AMENDMENTS
Robert F. Morison |
In response to congressional action, the Customs Service on Friday will revise a number of its new u
Maritime
EARNINGS
JOC Staff |
Continental's Profits Tripled in 3rd QuarterNEW YORK Continental Corp. reported third quart
IATA EXPECTS BIG LOSSES RED INK SEEN DESPITE SIGNS OF RECOVERY
Journal of Commerce Staff |
The International Air Transport Association is projecting that its 147 airline members will lose a t
SHIPPER GROUPS SCORE CHARGE PROPOSAL
Journal of Commerce Staff |
Shipper groups sharply attacked a trucking industry proposal to require special charges if refusal t
BARGE CALL RATES
Knight-Ridder Financial |
The following are the results of Monday's St. Louis Merchants Exchange call session for barge freig
FOREIGN HEADLINES
From Wire and Staff Reports |
Cobra Inhabits Factory NEW DELHI, India - An engineering factory near the beach resort of Go
Maritime
BRAZIL EYES FALL IN SHOE EXPORTS
James Bruce |
Shortages of leather and specialized labor plus a booming domestic market threaten the Brazilian sho
Maritime
GUILFORD REFUSES TO ACCEPT RULING
Journal of Commerce Special |
Guilford Transportation says it continues to dissent from a federal arbitrator's ruling that settles
NOVA SCOTIA FIRM'S EXPORTS MUSHROOMING
(Ap) |
Nova Scotians don't seem to want them. But chefs in West Germany, Switzerland and France will take a
Maritime
JAPAN'S CENTRAL BANK CUTS DISCOUNT RATE 0.5 PERCENT
A.E. Cullison |
Japan's official discount rate reached a postwar record low following a 0.5 percent reduction by the
Maritime
MAN GETS 27 YEARS FOR PILL TAMPERING
(Ap) |
A judge dismissed a California man's plea for mercy and sentenced him to 27 years in prison for pois
MTL REPORTS LOSSES FOR QUARTER, 9 MONTHS
Journal of Commerce Staff |
Marine Transport Lines reported a net loss of $327,000 for the third quarter, compared with net prof
Maritime
COAL MARKETS TURKISH MILL BUYS FROM US
Tim Sansbury |
U.S. coal trading firm John K. Irish & Co. struck a spot market deal with Turkish steelmaker Turkiye
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
KUWAIT STUDIES CONSTRUCTION OF OIL PIPELINE TO RED SEA
(Ap) |
Kuwait may build a pipeline through Saudi Arabia to the Red Sea as an alternative to shipping all it
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Daewoo Unit Ships Locomotives to GhanaSEOUL, South Korea - Daewoo Heavy Industries Ltd., a u
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
Warwick Insurance Gets Assistance From ParentMORRISTOWN, N.J. - Warwick Insurance Co. said i
NON-RETROACTIVE RULING STANDS
(Ap) |
The state Supreme Court let stand a potential multimillion-dollar ruling that the voter-approved "de
NJ SENATE BACKS AUTO REFORM BILL
(Ap) |
A bill to reform New Jersey's automobile insurance system is expected to face a tough time in the Re
TRAFFIC BRIEFS
From Wire and Staff Reports |
Yellow Freight Adopts Purchase Rights PlanOVERLAND PARK, Kan. - Yellow Freight System Inc. o
WILL THE CHINESE CONTINUE TO PURCHASE US CORN?
Knight-Ridder Financial |
The recent confirmation China has bought corn from the United States for the first time in two years
BURNLEY JOINS TRIP TO FAR EAST
Journal of Commerce Staff |
Jim Burnley, deputy secretary of transportation, will go to the Far East with John Gaughan, maritime
Maritime
CALIF. TOLD TO APPLY ITS RESEARCH
Bill Mongelluzzo |
California has learned a basic fact about technology: being a leader in research does not guarantee
ILA, NY EMPLOYERS AGREE ON TERMS FOR LOCAL CONTRACT
Alan F. Schoedel |
The New York Shipping Association and the International Longshoremen's Association agreed on local c
THE ECONOMY
JOC Staff |
Economic Index Rose 0.4 percent During SeptemberU.S. leading economic indicators rose 0.4 pe
AUSTRALIA: TRADE AND INVESTMENT SURVEY
JOC Staff |
Top Stories Australia wants its businesses to begin to "think exports" as it strives to expa
US AND JAPAN TO COOPERATE ON CURRENCY
A.E. Cullison |
The United States and Japan agreed to cooperate to maintain the present yen-dollar exchange
OIL PRICES RISE ON SAUDI OUSTER SHEIKH YAMANI'S SUCCESSOR CALLS MEETING OF OPEC PANEL
Bruce Barnard |
Oil prices rallied strongly late last week, with traders speculating that the ousting of Sheikh Ahme
SLOW QUARTER BRAKED PRESTON BUT LTL TRUCKER STILL EXPECTS TO DOUBLE 1985 EARNING PERFORMANCE
Leo Abruzzese |
Preston Corp. should double its 1985 earnings this year despite a lackluster third quarter that slow
FINANCIAL BRIEFS
From Wire and Staff Reports |
Texas Air Corp. Offers 5 Million Shares at $38Texas Air Corp. began a public offering of 5 m
WASTE HOT ISSUE ON BALLOT
(Ap) |
Washington's governor and legislature are asking voters in a referendum this week to blast the Reaga
CHEMICAL MARKETS
JOC Staff |
Pennwalt Hikes Bulk Chlorine Price Pennwalt is increasing the price of bulk chlorine by $20
COGENTRIX TO BARGE COAL TO PLANT
Carl Cahill |
Cogentrix, Inc., Charlotte, N.C., said it will barge coal to a proposed $80 million cogeneration pla
AVIATION BRIEFS
From Wire and Staff Reports |
Boeing Develops Jet With Longer RangeThe Boeing Commercial Airplane Co. said it has develope
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