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TRADE BRIEFS
JOC Staff |
COMMERCE SAYS CHINA IS DUMPING CHEMICALChina is selling sodium thiosulfate, a dechlorination
Maritime
AGGRESSIVE USE OF FOOD EXPORT PROGRAMS URGED
Knight-Ridder Financial |
Senate Minority Leader Robert Dole, acknowledging that talks to liberalize world trade are "going no
AVIATION BRIEFS
Wire and Staff Reports |
NORTHWEST TO PURCHASE EASTERN SLOTS IN DCST. PAUL, Minn. - Northwest Airlines will purchase
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,640-$1,700 per ton lots & in warehouse min. 99.
ASIAN FUTURES
JOC Staff |
Jan. 23, 1991 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Jan. 23, 1991Brent Crude Oil - (Dollars Per Barrel)
US DOLLAR DRIFTS LOWER IN THIN MARKET
Knight-Ridder Financial |
The U.S. dollar drifted lower Wednesday on Federal Reserve Chairman Alan Greenspan's indications of
ECONOMIC DATA ABROAD
Wire and Staff Reports |
FRENCH TRADE DEFICIT DOUBLED IN DECEMBERPARIS - France posted a provisional, seasonally adju
CHINA'S LARGEST COMMERCIAL BANKPLACES ORDER FOR NCR CASH MACHINES
P.T. Bangsberg |
NCR Corp. said Wednesday it won a US$2.7 million order from Industrial & Commercial Bank of China, a
Maritime
SOVIET UNION EMBARKS ON GRAIN-BUYING SPREE
From Wire Reports |
Armed with billions of dollars in foreign credits, Moscow has embarked on a worldwide grain-buying s
TRAFFIC BRIEFS
Wire and Staff Reports |
NS EARNINGS SAGGED IN 4TH QUARTERCHICAGO - Norfolk Southern Corp. said Wednesday fourth-quar
COLD SNAP HELPS, WAR HURTS NORTHEAST FUEL OIL MARKETERS
Arthur Gottschalk |
Colder winter weather in the Northeast this month is helping heating oil marketers recover from poor
MUNICH RE DETAILS STEPS TO REDUCE STORM LOSSES
Miriam Widman |
Muenchener Rueckversicherung AG, the world's largest reinsurer, spent an extra 1.1 billion deutsche
SKINNER RELAXES US POLICY ON FOREIGN INTEREST IN AIRLINES MOVE PAVES WAY FOR KLM INVESTMENT
WILLIAM DiBENEDETTO |
Transportation Secretary Samuel K. Skinner is reversing a previous department policy that restricted
AGENTS TRY TO HEAD OFF FEDERAL REGULATION
Aviva Freudmann |
Independent insurance agents are trying to head off congressional and Bush administration proposals
GASOLINE PRICES
JOC Staff |
Jan. 23, 1991 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Prem
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Jan. 23, 1991 Prevailing sellers' posted prices at the close of business, represen
JAPAN CANCELS GULF AID MEETING
From Wire Reports |
Japanese Prime Minister Toshiki Kaifu has canceled a scheduled news conference at which he was expec
CUSTOMS PLANS TO EXPAND PILOT QUOTA PROGRAM
Allen R. Wastler |
The U.S. Customs Service will expand nationally a pilot program being tested in San Francisco for e
Maritime
GULF WAR ADDS TO THE WOES OF BIG THREE US AUTOMAKERS
From Wire Reports |
The outbreak of war in the Persian Gulf is likely to hurt already weak U.S. auto sales and should in
INSURERS SLASH RATES FOR CARGO GOING TO MIDEAST
Janet Porter |
London underwriters reduced the cost of insurance for cargoes in the northern part of the Persian Gu
THE ECONOMY
From Wire and Staff Reports |
CBO SEES RECESSION ENDING BY MIDYEARWASHINGTON - The Congressional Budget Office predicted W
INSURANCE BRIEFS
Wire and Staff Reports |
DUFF & PHELPS BOOSTS PROVIDENT LIFE RATINGCHICAGO - Duff & Phelps Tuesday upgraded the claim
SPOT PRODUCT PRICES
JOC Staff |
Jan. 23, 1991 U.S. spot oil products price indications, sellers range, in cents per gallon,
TRADING WITH BULGARIA GULF WAR SQUEEZES ECONOMY
Duncan Robinson |
The war in the Persian Gulf could not have come at a worse time for Bulgaria. Last year, as
Maritime
PRAGUE COVERS CURRENCY NEEDS
Knight-Ridder Financial |
Czechoslovakia has satisfied its hard currency needs for 1991, Finance Minister Vaclav Klaus said in
WAR INCREASES RISK OF GLOBAL RECESSION, REPORT SAYS
Leo Ryan |
The Persian Gulf war has increased the risk of a global recession, the Conference Board of Canada sa
AIRLINES FACE NEW SECURITY TAX IN THE NETHERLANDS CARGO WOULD NOT BE AFFECTED
Miriam Widman |
The Dutch government is likely to approve a Justice Ministry plan that would require airlines to pay
NY OFFICIALS: PORTS AGENCY WILL STAY BUT MAY SHRINK
Alan Abrams |
New York City's Department of Ports and Trade is in no danger of disappearing, but it may have some
Maritime
HILLS MEETS WITH CONGRESS ON TRADE TALKS
John Maggs |
U.S. Trade Representative Carla Hills met privately Wednesday with key congressmen to shore up suppo
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Year Daily Smoothed Ago Ago Ago1/23 1/22 Change % Change:
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
PANAMA CANAL TRAFFIC SURGE TRACED TO WAR
WILLIAM DiBENEDETTO |
Panama Canal Commission officials say the war in the Persian Gulf is spurring an increase in traffic
US FIRMS ANTICIPATE GULF WAR CLEANUP COMPANIES OFFER EXPERTISE, SERVICES
Paula L. Green |
U.S. companies specializing in the cleanup of oil spills are ready o fight the environmental war jus
SHIP WAR-RISK PROGRAM EXPANDED TO ISRAEL, SUEZ CANAL
Bruce Vail |
Missile attacks on Tel Aviv have prompted the U.S. government to offer war- risk insurance for ships
US AIRLINES ESTABLISHED SAFETY AND TRAFFIC RECORDS LAST YEAR
Journal of Commerce Staff |
U.S. scheduled airlines may not have made any money last year, but the year was not a total loss.
PEOPLE - INSURANCE
Wire and Staff Reports |
SEDGWICK JAMES INC. (New York) - Quill O. Healey was named chief executive officer of this insurance
FARRELL LINES REDUCES SHORESIDE WORK FORCE
Jon Jacobs |
Farrell Lines Inc. laid off a number of people last week, citing financial losses. A Farrell
Maritime
SPOT COMMODITIES
JOC Staff |
Jan. 23, 1991 Included are list prices of suppliers. Quotations do not necessarily represent
BRITAIN PREPARES TO PRIVATIZE ITS EXPORT GUARANTEE AGENCY
Keith M. Rockwell |
The British government is poised to privatize a segment of its export credit guarantee agency in pre
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