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DAILY PETROLEUM PRICES
JOC Staff |
Thursday Oct. 15, 1992 Prevailing sellers' posted prices at the close of business, represent
BIOSYS, SANDOZ INK NATURAL-PESTICIDE DEAL
Journal of Commerce Staff |
Biosys and Sandoz Agro Inc., the U.S. division of Sandoz AG, Basel, Switzerland, have signed an agre
SUPREME SUGAR PAYS US TO RESOLVE CUSTOMS ROW
Wire and Staff Reports |
The U.S. Department of Justice Wednesday said Supreme Sugar Co. of New Orleans has paid the United S
CHINA EASTERN AIRLINES TO PURCHASE 5 AIRBUS PLANES
Journal of Commerce Staff |
China Eastern Airlines, a Shanghai-based carrier, will buy five Airbus Industrie A340 aircraft in a
GERMANY CONSIDERING ALTERNATIVES TO MAASTRICHT
Knight-Ridder Financial |
Despite their public utterances of confidence that the Maastricht Treaty will be ratified, German of
FORMER UK OFFICIAL SEES NEED FOR RATE CUT
Knight-Ridder Financial |
Former British Trade and Industry Secretary Nicholas Ridley warned Wednesday that Britain is heading
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
THE ECONOMY
JOC Staff |
WHOLESALE PRICES Monthly change Sept. Aug.Finished goods +0.3% +0.1%Int
CHALLENGE AIR TO LAUNCH NEW HONDURAS SERVICE
William Armbruster |
Challenge Air Cargo will launch a new all-cargo service between Miami and Honduras onNov. 5, Bill Sp
ROADWAY EXPRESS, ARKANSAS FREIGHTWAYS EXPAND IN SOUTHEAST
Dane Hamilton |
Two of the nation's largest less-than-truckload carriers have targeted the southeast United States f
ANDREW GIVING FLORIDIANS AN EDUCATION IN INSURANCE BUYING
Fort Lauderdale Sun-Sentinel |
Marcia Jackson of southwest Dade County lost some of the roof of her home to Hurricane Andrew, as we
INSURERS TOLD TO AVOID FRAUD CASE SETTLEMENTS
Allen R. Wastler |
The insurance industry is its own worst enemy when it comes to battling fraud, a group of experts to
A.P. MOLLER REJECTS DELIVERY OF SINGAPORE RIG
Knight-Ridder Financial |
A.P. Moller, a Danish oil-drilling company, has refused to take delivery of a rig it commissioned fr
Maritime
US CRUDE OIL PRODUCTION PLUNGES IN THE WAKE OF HURRICANE ANDREW
Knight-Ridder Financial |
Domestic crude oil production dropped 5 percent in September from a year ago, and averaged 6.1 milli
TRADING WITH FRANCE FRANCE IS MAJOR MARKET FOR AMERICAN SCIENTIFIC GEAR
Kenneth Wolf |
U.S. scientific equipment and laboratory supplies are passing the test in France's biotechnology and
Maritime
GORE'S ENVIRONMENTAL RECORD ATTACKED
(Reuter) |
Energy Secretary James Watkins attacked Sen. Al Gore's environmental record, calling the Democratic
GLOBAL SUPPLIES OF OIL DECLINED MINIMALLY IN '91, AGENCY SAYS
Knight-Ridder Financial |
World oil reserves totaled an estimated 990 billion barrels at the end of 1991, down by less than 1
WESTERN US REFINERS CONSIDER BOOST IN FAR EAST CRUDE IMPORTS
Knight-Ridder Financial |
U.S. West Coast refiners are considering importing Far East light sweet crude to beat possible incre
PEOPLE - MARITIME
From Wire and Staff Reports |
COLUMBUS LINE INC. (Jersey City, N.J.) - Thomas A. Pirie has joined the steamship agency's U.S. head
Maritime
COMMODITY BRIEFS
From Wire and Staff Reports |
COMMODITY EXCHANGE REDUCES REQUIREMENTSThe Commodity Exchange Inc. said it will reduce custo
NEW DU PONT MEMO MAY REOPEN CASES ON BENLATE DAMAGE
Cynthia Rupert |
A newly discovered company memo warning E.I. du Pont de Nemours & Co. officials that its fungicide B
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Oct. 14, 1992 Prices in the spot chemicals table include spot quotations or list price
CANADA ACTS TO LIMIT DAMAGE OF LUMBER ROW OFFICIALS FEAR EFFECT ON QUEBEC VOTE
John Maggs |
Canada is quietly trying to head off escalation of a long-running lumber dispute with the United Sta
WEAK INTERNATIONAL CARGO TRAFFIC SPOILS OTHERWISE SOLID FEDERAL EXPRESS SHOWING
Mark B. Solomon |
Federal Express Corp. posted strong gains in its September domestic and international air express vo
CONCORDE LINE AND DOLE FRESH FRUIT TO START US-CENTRAL AMERICA SERVICE
Janet Plume |
Concorde Line has signed a slot-charter agreement with Dole Fresh Fruit Co. that will expand Concord
Maritime
POLAROID'S RUSSIAN VENTURE EXPOSED TO SHOPPING CHAOS
Duncan Robinson |
When people learned last month that Svetozor, a Polaroid Corp. joint venture, would hike prices Oct.
Maritime
IMPORT SURGE MAY COOL FUEL OIL MART, TRADERS SAY
Knight-Ridder Financial |
The large number of fuel oil cargoes heading into Singapore at the end of October is likely to momen
ASIAN FUTURES
JOC Staff |
Oct. 14, 1992 JAPANFinancial FuturesPrecious MetalsTokyo Commodity E
CHINA'S ZINC EXPORTS DECLINE FOR MONTH
Knight-Ridder Financial |
China's exports of unwrought zinc and zinc alloy fell to 9,814 tons in Julyfrom 13,302 in Ju
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Oct. 14, 1992Bid AskedCopper_
SPOT METALS PRICES
JOC Staff |
Commercial Quantity Aluminum ingots_ $1,200-$1,300per ton lots &
IBM SAYS IT CUT USE OF CHIPMAKING CHEMICALS
(Reuter) |
International Business Machines Corp. said it has reduced the use of two chemicals that are suspecte
COST OF CREDIT
JOC Staff |
Wednesday, Oct. 14, 1992 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
GRAIN IMPORTS DEPLETE RESERVES OF FOREIGN EXCHANGE IN S. AFRICA
Knight-Ridder Financial |
South Africa's foreign exchange reserves, which were depleted by more than 1 billion rand (US$349 mi
SEATTLE CONSIDERS SPEEDING BOX TERMINAL DEVELOPMENT
John Davies |
With the purchase of a former shipyard next to its American President Lines terminal completed, the
Maritime
HIGHWAY SAFETY GROUP SLAMS BID TO CUT HOURS OF DUTY STANDARDS ON TRUCKERS
Stephanie Nall |
A proposal to change federal hours-of-duty standards for truck drivers was blasted Wednesday by a hi
STUDY PREDICTS INCREASE IN POST-HURRICANE RATES
Paul Dykewicz |
Heavier-than-expected hurricane losses, cash-flow woes and declining investment returns may soon com
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
TEACH ELECTED CHAIRMAN OF ILLINOIS EXCHANGE
Journal of Commerce Staff |
The board of trustees of the Illinois Insurance Exchange here elected Gordon L. Teach as its chairma
PAKISTAN PLANS 2 TRADE ZONES FOR US, CANADIAN INDUSTRIES
N. Vasuki Rao |
Pakistan plans to create two special industrial zones in a bid to attract investment by U.S. and Can
Maritime
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