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FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,220-$1,230 per ton lots & in warehouse min. 99.
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended June 8, total piggyback freight hauled on the nation's major railroads equaled 11
PANEL DECISION ENDS US DUTY ON PORK FROM CANADA
Knight-Ridder Financial |
A special U.S.-Canada panel Friday ruled against U.S. pork producers and let stand an earlier bilate
Maritime
HOWARD SIMON'S SIMON SAYS
Howard Simon |
A RATHER INTERESTING FOOTNOTE to last week's F.O. Licht world sugar estimates was the higher global
'GRAND BARGAIN' AID WOULD FINANCE SOVIET IMPORTS
Michael S. Lelyveld |
Massive Western aid for the Soviet Union would be used primarily to finance imports in the first sta
ASIANS FIGHT US TRADE CHALLENGE
P.T. Bangsberg |
Two rapidly developing Southeast Asian countries are girding for another battle to retain duty-free
TRAFFIC BRIEFS
From Wire and Staff Reports |
VOTE ON TRANSPORT BILL DELAYED IN SENATESenate Majority Leader George Mitchell said final pa
COLUMBIA ECONOMIST JOINS GATT TALKS, WILL ENCOURAGE MULTILATERAL FREE TRADE
Pei-Tse Wu |
Jagdish N. Bhagwati couldn't resist the challenge when he was asked in May to help kick-start the sp
HUNGARIAN BANKS PREPARE TO BEGIN ROUGH TRANSITION TO WESTERN STYLE
(Reuter) |
Hungary's biggest banks, which have grown used to large profits in an economy somewhere between free
TAIWAN'S EVA TO GET LICENSE IN TIME FOR JULY START
Chris Brown |
Eva Airways will be allowed to begin regional services this summer as planned, putting to rest doubt
BHAGWATI SAYS JAPAN BASHING UNJUSTIFIED
Pei-Tse Wu |
The 18th century British poet Alexander Pope inspired the title of Jagdish N. Bhagwati's forthcoming
TRADE BRIEFS
From Wire and Staff Reports |
EC AGREES TO BAN SOME FUR IMPORTSThe European Community, ignoring U.S. and Canadian demands
Maritime
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent)is as f
Maritime
HOW WORLDWIDE BARTER BRINGS RESULTS
Michael S. Lelyveld |
What makes countertrade work is socks that don't match and markets where it doesn't always matter.
Maritime
NY FINANCIAL GROUP SEEKS NOD ON PURCHASE OF MONARCH LIFE
TOM McNIFF Jr. |
A Purchase, N.Y., financial group wants the Massachusetts Insurance Division to approve its purchase
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange June 14, 1991Brent Crude Oil - (Dollars Per Barrel)
FARM GROUP URGES MFN STATUS FOR CHINA
Knight-Ridder Financial |
Concerned over the possibility of lost export sales to China, a coalition of 18 U.S. farm groups Fri
Maritime
SEA LANES TO KUWAIT EXPECTED TO BE MINE-FREE BY END-JULY
(Reuter) |
Shipping lanes in the northern Persian Gulf leading to Kuwait will be cleared of mines sown by Iraq
Maritime
DOMESTICALLY DESIGNED SHIP EXPORTED BY CHINA
From Wire Reports |
China exported its first domestically designed and constructed oil tanker, according to Xinhua news
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
Adm. James F. McNulty will retire Oct. 1 as superintendent of the three-yearcollege, run by
Maritime
N. ATLANTIC CARRIER PACTS ARE HAILED
Leo Ryan |
A recent restructuring among North Atlantic container shipping lines might provide the foundations f
SURGING TRAFFIC EXPECTED TO HIKE AIRCRAFT DEMAND
From Wire Reports |
Airlines throughout the world will need 9,000 new airliners to cope with a doubling of air traffic o
HILLS STUDIES PLAN LINKING CHINA MFN TO MEMBERSHIP IN GATT FOR TAIWAN
John Maggs |
U.S. Trade Representative Carla Hills said she is impressed by a congressional proposal to link exte
2 COMPANIES COMPETE TO BUILD POWER PLANTS AT PORT OF TACOMA
John Davies |
Two competing energy companies say they want to build natural gas-fired power plants in a Port of Ta
AVIATION BRIEFS
From Wire and Staff Reports |
NORTHWEST INTERESTED IN BUYING QANTAS STAKESYDNEY, Australia - Northwest Airlines is interes
BARRY PARKER'S FUTURES & SHIPPING
Barry Parker |
THE OCEAN FUTURES MARKET followed the sequence of events predicted here two weeks ago, moving up to
Maritime
MARITIME - BRIEFS
From Wire and Staff Reports |
COAST GUARD PROBING GLOUCESTER SHIP MISHAPCoast Guard officials are trying to ascertain why
Maritime
DOCKWORKERS END RIO GRANDE STRIKE
Knight-Ridder Financial |
Dockworkers at the soybean port of Rio Grande on Friday accepted a wage offer and voted to return to
Maritime
LOBBY GROUPS SEEK VETO OVER EC 'GREEN' LABEL
(Reuter) |
Consumer and environment lobby groups last week said they would refuse to back a planned European Co
Maritime
SPOT COMMODITIES
JOC Staff |
June 14, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
INSURANCE BRIEFS
Wire and Staff Reports |
GREEN IS SENTENCED TO 25 YEARS IN PRISONA federal judge told former Louisiana Insurance Comm
FINANCIAL BRIEFS
From Wire and Staff Reports |
MANILA HOPES TO RETIRE $2.4 BILLION IN DEBTMANILA, Philippines - The Philippine government h
CORRECTION
JOC Staff |
The story headlined "US to License Railroad Engineers" on Page 1A of The Journal of Commerce June 13
NORTHWEST BUSINESSES BRISTLE OVER FISH FUNDS
John Davies |
Major aluminum producers and chemical factories in the Pacific Northwest, startled by salmon protect
SOME CARRIER RATE BUREAUS TAKE INDEPENDENT RATE ACTION
Gregory S. Johnson |
Motor carrier rate bureaus have signaled mixed support for a rate hike. The Middle Atlantic
CHINA PLANS TALKS ON ONSHORE EXPLORATION
P.T. Bangsberg |
Representatives of U.S., Canadian, British and Japanese oil companies are due in China later this ye
MEXICAN OIL FINDS EXPECTED TO BOOST RESERVES BY A THIRD
Alva Senzek |
Petroleos Mexicanos has made important oil finds in Campeche Bay and the adjoining stateof Chiapas,
FRANCE RANKS SECOND IN FOREIGN INVESTMENT
Knight-Ridder Financial |
France invested 141 billion francs ($23.5 billion) abroad in 1990, making it the second largest fore
WORLD TRADE CENTER NETWORK - TRADE LEADS
World Trade Center NETWORK |
FOR FURTHER INFORMATION: These trade leads are supplied through the World Trade Center NETWO
Maritime
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