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E AWARD-WINNING EXPORTERS COMMERCE BANK OF KANSAS CITY NA
JOC Staff |
DATE OF AWARD: "E Star" Award May 23, 1990. "E" Award in 1986.WHY THE AWARD WAS GIVEN:
SWEDEN HIKES DISCOUNT RATE
Knight-Ridder Financial |
Sveriges Riksbank, Sweden's central bank, raised its discount rate Thursday by 3 percentage points t
AVIATION BRIEFS
Wire and Staff Reports |
IRAQ REOPENS AIRPORT IN KUWAIT TO CIVILIANSBAGHDAD, Iraq - Iraq reopened Kuwait City's airpo
HOLT CARGO SYSTEMS DROPS COMPLAINT AGAINST PHILA. PORT
Allen R. Wastler |
Holt Cargo Systems Inc. has temporarily dropped its $1 million complaint against the Port of Philade
Maritime
COST OF CREDIT
JOC Staff |
Thu., Oct. 18, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
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- $1,970-$1,980 per ton lots & in warehouse min. 99.
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Oct. 18, 1990 Prices in the spot chemicals table include spot quotations or list price
FREE TRADE ZONES PLANNED AT FAR EASTERN PORTS
Journal of Commerce Special |
The Soviet minister of merchant marine is currently touring Pacific ports and meeting with shipping
Maritime
PEOPLE - INSURANCE
Wire and Staff Reports |
MUTUAL LIFE INSURANCE CO. OF NEW YORK (New York) - F. Ann Iseley was promoted to vice president, fin
FMC INVESTIGATES JAPANESE HARBOR FEE
WILLIAM DiBENEDETTO |
A Japanese fee on U.S. and other carriers serving ports in Japan is prompting an investigation by th
Maritime
CONOCO CHIEF FORECASTS OIL PRICE OF $30 TO $40
Knight-Ridder Financial |
Crude oil prices are likely to range from $30 to $40 by yearend, depending on the evolving Persian G
JAPAN'S TAIYO TO OPEN GASOLINE STATION IN NJ
Journal of Commerce Staff |
The U.S. subsidiary of Japan's Taiyo Oil Co. will open its first gasoline station on Nov. 1, a compa
CUSTOMS UPDATE
JOC Staff |
COMMERCIAL OPERATIONS MISCELLANY (NEW YORK). The following new procedures have been implemented in r
Maritime
SENATE BILL WOULD KILL FOOTWEAR DUTY BREAK
Michael S. Lelyveld |
As Congress struggled with its worst budget crisis in recent history, Senate Majority Leader George
Maritime
TRADE BRIEFS
Wire and Staff Reports |
US TO REQUEST BOOST IN LOANS TO E. EUROPEPresident Bush said Thursday the United States woul
Maritime
SHIPOWNERS FIND SHIP ARRESTS IN ASIA AN EXPENSIVE PROPOSITION
Mark Magnier |
The thought is enough to send chills down the spine of any red-blooded ocean- carrier executive.
Maritime
PHILIPP BROTHERS' WITHDRAWAL EXPECTED BY MONTH'S END
From Wire and Staff Reports |
Philipp Brothers, the commodities trading subsidiary of Salomon Inc., is likely to complete the wind
SUGAR GROWERS LIKE FARM BILL BUT ARE WARY OF 1 PERCENT TAX ITEM
Knight-Ridder Financial |
U.S. sugar growers welcome the 1990 farm bill because of its continued guarantee on price levels, a
SHARP RISE IN ENERGY COSTS WILL HIT FARMERS HARD
(Ap) |
New projections by the Agriculture Department show that rising energy costsfrom the Mideast
ECONOMIC DATA ABROAD
Wire and Staff Reports |
AUGUST TRADE SURPLUS SHRANK IN CANADACanada's merchandise trade surplus in August declined t
UNITED ASKS DOT TO IMPOSE CURBS ON CHINA AIRLINES DISPUTE CONCERNS TAIWAN AIRPORT
Leo Abruzzese |
United Airlines Inc. asked U.S. transporta- tion officials to impose planned sanctions against China
EASTERN SAYS NEW FARES A SUCCESS
From Wire Reports |
Eastern Airlines told its unsecured creditors that new fares have been a success with business trave
CONFERENCE SET IN NEW ORLEANS
From Wire Reports |
Over 1,000 insurance industry professionals will be attending the American Society of Chartered Life
MARITIME CALENDAR
JOC Staff |
MARITIME ASSOCIATION OF THE PORT OF NEW YORK/NEW JERSEY. Oct. 19. New York. Autumn gala in the great
Maritime
SOVIET MERCHANT MARINE MINISTER UNVEILS PLAN TO UPGRADE SECTOR
Mark D. Berniker |
The Soviet minister of merchant marine's report calling for the rapid modernization of the Soviet sh
Maritime
INSURANCE EARNINGS
Wire and Staff Reports |
AMERICAN RELIANCE NET ROSE IN THIRD QUARTERLAWRENCEVILLE, N.J. - Third quarter operating inc
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Oct. 18, 1990Brent Crude Oil - (Dollars Per Barrel)
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Oct. 18, 1990Dubai Crude Oil - (Dollars Per Barrel
THREE DOCKWORKERS CHARGE THE ILWU WITH NEPOTISM
Mark Magnier |
Public testimony began this week in the case of three dockworkers who allege that Local 18 of the In
EC EXPECTED TO FAVOR AID FOR E. EUROPE OVER USSR
From Wire Reports |
The European Community has turned its sights away from quick financial aid to the Soviet Union and t
ARGENTINA ISSUES WARNING ON GATT
John Zarocostas |
Argentina warned Thursday that it will not sign any agreement emanating from current talks to rewrit
Maritime
SCIENTISTS BLAME CRACKING FOR LOSS OF DERBYSHIRE LLOYD'S REGISTER DISPUTES CLAIMS
Janet Porter |
Controversy surrounding the disappearance of the bulk carrier Derbyshire 10 years ago flared up agai
Maritime
HIGHER FUEL PRICES MAY PUSH AIR FREIGHT RATES SKYWARD
Ira Breskin |
Shippers of larger, heavier air cargo may face fuel surcharges comparable to an inevitable 10 percen
UK AIR INSURERS TO POOL RESOURCES
Janet Porter |
Nine British insurance companies will pool their aviation underwriting resources to form a new joint
PREPARATION MINIMIZED LOSSES IN CALIF. EARTHQUAKE LAST YEAR
Jerry Goldberg |
Long-term preparation minimized losses in the devastating earthquake that struck Northern California
CORRECTION
JOC Staff |
In the story " "Rent-a-Boat' Strategy of Navy Has Big Price Tag," on Page 8B of The Journal of Comme
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Oct. 18, 1990 Baltic International Freight Futures MarketPrev.Close High Low
Maritime
COMEX METAL WAREHOUSE
JOC Staff |
Oct. 18, 1990 Copper Total, 5,790. Gold Total, .1,560,101.Silver Total, .261,116,952.
CRB FUTURES INDEXES
JOC Staff |
The Commodity Research Bureau's future price index closed Wednesday at 231.78 up 0.86 which compares
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