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ENERGY BRIEFS
From Wire and Staff Reports |
NYMEX CRUDE FUTURES RISE TO $17.24 A BARRELNEW YORK - New York Mercantile Exchange c
DAILY PETROLEUM PRICES
JOC Staff |
Monday May 2, 1994 Prevailing sellers' posted prices at the close of business, representing
NEW JERSEY UTILITY COMPANY TURNED ON BY COMPETITION
Arthur Gottschalk |
In the brave, newly competitive world of public utilities, some utilities will be more competitive t
VENEZUELA MAY FURTHER OPEN OIL OUTPUT TO FOREIGN INVESTMENT
Knight-Ridder Financial |
Venezuelan oil authorities are planning to allow substantially more foreign investment in developing
COMMODITY / CHEMICAL BRIEFS
From Wire and Staff Reports |
STUDY: AIDS PATIENTS CAN BENEFIT FROM DRUGSYDNEY, Australia - High doses of the drug
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Friday at 225.04 up 1.89 whi
ROADWAY, CF MAY SHUT DOWN 41 TERMINALS
Rip Watson |
While Teamsters officials began the battle Monday for ratification of a new National Master Freight
SPOT COMMODITIES
JOC Staff |
May 2, 1994 Included are list prices of suppliers. Quotations do not necessarily represent p
CHINA POISED TO IMPORT COPPER AS STOCKS DWINDLE, TRADERS SAY
Cary O'reilly |
China is ready to import large amounts of copper later this month or in early June despite the curre
SAUDI ARABIA INVITES BIDS ON PHOSPHATE MINE PROJECT
Reuters |
Saudi Arabia Monday invited foreign and national firms to submit bids for a $1.7 billion phosphate m
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,100-$1,150per ton lots &
KENNECOTT TO CUT COSTS WITH MODERN COPPER PLANT
John Keahey |
It used to take thousands of well-paid Kennecott workers to produce copperfrom the depths of
ROCHE HOLDING TO BUY SYNTEX IN DEAL VALUED AT $5.3 BILLION
Knight-Ridder Financial |
Roche Holding Ltd. will acquire U.S. health-care services giant Syntex Corp. in a deal valued at $5.
JOURNAL OF COMMERCE - FAST FACTS SOURCES OF COMPUTER IMPORTS
Trade Inflo, Frederick, Md. |
Nov. 1993 to Jan. 1994 Total: $1.4 billionExports same period: $2.3 million.Japan
JUDGE REFUSES TO ISSUE INJUNCTION IN CENTRALIZATION OF NJ CUSTOMS
Alan Abrams |
Dealing a sharp blow to the hopes of those opposed to Customs' New Jersey inspection centralization
TAIWAN'S TUNTEX PLANS 2-STAGE PETROCHEMICAL COMPLEX
Knight-Ridder Financial |
Tuntex Group plans to build its T$150-billion (US$1.89 billion) petrochemical complex in two stages,
US COMPANIES WARNED ABOUT RUSSIAN TAX
Geoff Winestock |
U.S. companies have been advised to reconsider making loans to their Russian subsidiaries or partner
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of May 2, 1994 Quotations are based on prices reported in the market or obtained from sup
**BALTIC FREIGHT INDEX
JOC Staff |
1414 (Apr. 29, 1994) Previous day - 1397 The Baltic International Freight Futures Market in
Maritime
SHAREHOLDERS SUE APC, SAY OFFICERS MISREPRESENTED FINANCIAL SITUATION
Journal of Commerce Staff |
American President Cos. is being sued by a group of shareholders who claim company officers conceale
Maritime
COST OF CREDIT
JOC Staff |
Monday, May 2, 1994 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
RAILCAR BUILDERS FACE SHORTAGE OF WHEELS
Lawrence H Kaufman |
A combination of events, both here and abroad, has led to a shortage of domestically produced steel
MIAMI'S BERTRAM YACHT INC. MAY SAIL TO ANOTHER SITE DUE TO CITY PLAN
Larry Birger |
This city could lose its No. 1 boat builder, Bertram Yacht Inc. Gruppo Varasi, the Italian c
Maritime
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York and other sources, are selling r
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
(1) DAILY INDEX Annual Smoothed percent +8.004/26 98.64/27 98.64/28
*FREIGHT RATE FUTURES
JOC Staff |
Apr. 29, 1994 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
VALDEZ OIL SPILL RECOVERY "REMARKABLE,' EXXON CHIEF SAYS
John Gilardi |
Lee Raymond, Exxon Corp. chairman, said last week that Alaska's Prince William Sound area, which was
Maritime
SHIP FIXTURE BREAKDOWN
Ship fixtures are a product of Transportation News Ticker, the |
GLOSSARY AR: American Tanker RateSchedule RevisedRS: American Tanker Rate Schedule
Maritime
KANTOR CITES PROGRESS IN US-JAPAN TALKS
Knight-Ridder Financial |
U.S. Trade Representative Mickey Kantor said Monday the United States has made progress in talks wit
Maritime
PRICE INDEX HITS ANOTHER HIGH
Journal of Commerce Staff |
The Journal of Commerce Industrial Price Index reached a new high for 1994 at 99.3 Monday, surpassin
184 DEAD SO FAR IN KENYA DISASTER
Reuters |
Seven bodies were recovered from the sea near the Kenyan Port of Mombasa on Monday, bringing the dea
Maritime
OOCL CONFIDENT OF PLAN TO BUILD SIX NEW SHIPS
P.T. Bangsberg |
Orient Overseas Container Line Ltd. (OOCL) provided further details about its securing of 80 percent
Maritime
NAFTA NATIONS' MARITIME PACT IS CALLED A FRAMEWORK
Journal of Commerce Staff |
A maritime agreement signed here by the governments of Mexico, Canada and the United States is mainl
Maritime
S. KOREAN RECOVERY ACCELERATES GROWTH FORECAST REVISED UPWARD
Reuters |
South Korea's economists, hailing faster-than-expected economic recovery, have revised up their earl
PEOPLE - MARITIME
From Wire and Staff Reports |
"K" LINE (AMERICA) INC. (Murray Hill, N.J.) - John P. Meade was named vice president, law.A former U
Maritime
US, CHILE SEEK TRADE PACT BUT UNDECIDED ON ROUTE
Richard Lawrence |
The United States and Chile agree on the goal of negotiating a free-trade deal but have not decided
Maritime
SUDAN CARGO SHIP VIOLATES EMBARGO
Knight-Ridder Financial |
A Sudanese cargo ship, loaded with sugar and other food supplies, arrived Monday at a port in southe
Maritime
STEEL INDUSTRY ENJOYS REVIVAL AS SUPPLIES TIGHTEN
Len Boselovic |
It took a long time, but demand has finally caught up with supply in the U.S. steel industry. As a r
DELAY IN ACTION AGAINST PIRACY UPSETS US FIRMS
Journal of Commerce Staff |
Industry has expressed disappointment at the White House announcement over the weekend delaying for
DOLLAR CONTINUES ITS SLIDE VS. THE MARK AS BONDS FALL
Alan Zimmerman |
The U.S. dollar weakened sharply against the deutsche mark Monday, extending last week's slide again
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