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COST OF CREDIT
JOC Staff |
Thursday, July 16, 1992 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
YEN WILL STRENGTHEN TO 120 VS. DOLLAR, JAPANESE AIDE SAYS
Knight-Ridder Financial |
The yen is set to strengthen to 120 against the U.S. dollar from about 125 at present, based on econ
GM HARBOR TAX ROLL-BACK COULD IMPROVE RAIL SERVICE
Michael S. Lelyveld |
A bitter conflict over a tax break for Detroit automakers and Michigan ports could turnto cooperatio
US SETS MID-AUGUST TARGET FOR CHINA MARKET-ACCESS PACT BEIJING COULD FACE MAJOR REPRISALS
Richard Lawrence |
China must agree to comprehensive market-opening measures by next month or risk the United States' l
Maritime
TRANSPORT BRIEFS
From Wire and Staff Reports |
USE OF NEW RAILCARS ROSE IN 2ND QUARTERCHICAGO - Railroads began using more new rail
EXPORT ABCS - HENRY A. SAMUEL EXPORTERS SHOULD EXTEND CREDIT TO HELP MAKE OVERSEAS SALE
Henry A. Samuel |
The main reason a foreign buyer wants a U.S. exporter to extend credit is to access a secondary line
Maritime
CANADIANS FILE ACTION AGAINST US STEEL INDUSTRY
Knight-Ridder Financial |
A coalition of major Canadian steel producers said Thursday it has begun to file anti-dumping action
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
MITSUBISHI TO BUY EUROPEAN AUTO ENGINESMitsubishi Motors Corp. plans to buy diesel engines a
Maritime
YEMEN PORT PURSUES LOST GLORY OF THE '50S
Ethan Bronner |
When Capt. Roy Facey closes his eyes, he can still see polo fields and tennis courts, taste 4 o'cloc
Maritime
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 205.23 up 0.19 which compares
SPOT PRODUCT PRICES
JOC Staff |
July 16, 1992 U.S. spot oil product price indications, sellers range, in cents per gallon, f
SPOT COMMODITIES
JOC Staff |
July 16, 1992 Included are list prices of suppliers. Quotations do not necessarily represent
BP SUBMITS LOW OIL BIDS TO NYC GROUP
Knight-Ridder Financial |
BP Oil Corp. has submitted the apparent low bids to supply the New York City Housing Authority with
JAPANESE MARKET PUZZLED BY RALLY IN COPPER PRICES
Knight-Ridder Financial |
Copper demand may not pick up until 1993, foreign dealers said Thursday. Perplexed by the re
VALERO REFINERY REAPS BENEFITS OF MEETING CLEAN AIR STANDARDS
Arthur Gottschalk |
There are many ways to refine a barrel of crude oil, but Valero Energy Corp. has chosenone of the mo
TRADERS LOWER FORECASTS FOR WORLD COCOA PRICES
Elizabeth Herrington |
Cocoa traders, once optimistic that prices would shoot sky-high, are toning down their expectations
INSURANCE BRIEFS
From Wire and Staff Reports |
STAKE IN EQUITABLE LOWER THAN EXPECTEDMajor Japanese insurance companies will take a lower-t
CIGNA TO MARK 200TH ANNIVERSARY BY HOSTING INDEPENDENCE FESTIVAL
Margo D. Beller |
Cigna Corp. is marking the 200th anniversary of its founding at Independence Hall in Philadelphia by
AGENT ORGANIZATION FAILS TO WIN COST CONCESSIONS
Paul Dykewicz |
The nation's largest insurance agent group failed to win cost concessionsfrom an industry or
PORT OF DULUTH-SUPERIOR CARGO CLIMBS
Knight-Ridder Newspapers |
The Port of Duluth-Superior handled an estimated 12.7 million metric tons during the first six month
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
Richard G. Barbaria was named vice president for the Southern region. Based in Atlanta, Mr. Barbaria
Maritime
TWO BRITISH CONTINENTAL SHIPS SOLD AMID CONTROVERSY IN SOUTH AFRICA
Peter M. Tirschwell |
The British Continental Shipping Line moved one step closer to total extinction Thursday when two of
Maritime
RUSSIAN SHIPS SAIL HOME WITH BOUNTY FROM BOSTON
Michael S. Lelyveld |
The Russians are going! The Russians are going! After a week-long presence in Boston harbor,
CAREY ENDORSES CLINTON BID, ATTACKS TRUCKING COMPANIES
Dane Hamilton |
The president of the Teamsters, Ron Carey, here to announce his union's support for Democratic presi
CORRECTION
JOC Staff |
A story on Page 1A on July 16, "Ex-Im Bank Proposal Irks Insurance Brokers," misidentified Carl A. M
ITALY HIKES RATE, LIRA RECOVERS
Knight-Ridder Financial |
The lira recovered on profit-taking against the deutsche mark Thursday in response to the Bank of It
BUNDESBANK HIKE IN DISCOUNT RATE TAKEN IN STRIDE BY CURRENCY MARKETS
Keith M. Rockwell |
Currency markets shrugged off the effects of the Bundesbank's increase in the discount rate Thursday
ICC PROPOSES TO DEREGULATE CORN, SOYBEAN RAILROAD EXPORT SHIPMENTS
Lawrence H Kaufman |
In what appears to be the beginning of a flood of specific commodity deregulation proposals, the Int
EC SEEKS TO AVERT CLASH OVER CZECH STEEL IMPORTS
Bruce Barnard |
The European Community Commission is striving to avert a politically embarrassing trade dispute with
Maritime
GOTHENBURG PORT SHIPMENTS ROSE IN 1ST QUARTER
JOC Staff |
The Port of Gothenburg had a 6 percent increase in general cargo shipments through the port in the f
Maritime
ADEN TO BECOME A FREE PORT AS YEMEN LOOKS FOR INVESTORS
John Zarocostas |
The Yemeni government is planning to give Aden free port status by 1993 in an effort to revive the l
Maritime
USED-CAR EXPORTS BOOM
Patricia Commins |
Booming demand for used autos in overseas markets has presented a unique opportunity to exporters -
Maritime
SENATE DELAYS MAY JEOPARDIZE WIDE-RANGING US ENERGY BILL
Knight-Ridder Financial |
A wide-ranging U.S. energy bill approved overwhelmingly by the Senate in February has become mired i
COMEX METAL WAREHOUSE
JOC Staff |
July 16, 1992 Copper Total, 31,907. Gold Total, .1,668,148.Silver Total, .269
INDUSTRIAL PRODUCTION IN ITALY ROSE 1.56 PERCENT DURING MAY
Knight-Ridder Financial |
Italian industrial production, adjusted for seasonal variations and differences in the number of wor
PORT OF ORANGE OFFICIALS INDICTED ON FRAUD CHARGES
Journal of Commerce Special |
Two commissioners from the Port of Orange and a local businessman face federal indictments in the 19
Maritime
CONRAIL EXPECTS SLOW SECOND-HALF GROWTH
Lawrence H Kaufman |
Consolidated Rail Corp. expects continued economic recovery in the second half of 1992,but at a slow
STAR BANK SHINES IN TRADE FINANCE
Kenneth Wolf |
Small businesses involved in export deals often feel uneasy with distant money-center banks but unsu
GATT AGREES TO AMEND CIVIL AIRCRAFT STANDARDS
John Zarocostas |
The body that regulates most world trade in civil aircraft agreed Thursday to begin negotiations to
J.B. HUNT EARNINGS SOAR MATLACK TURNS AROUND
Gregory S. Johnson |
J.B. Hunt Transport Services Inc.'s second-quarter income rose 31 percent to $9.8 million, or 28 cen
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